How many cars can you own in a chapter 7 filing?

Answer 1

The maximum amount of cars you can keep in a chapter 13 is two. However, you may not be able to keep those cars depending on if the judge approves your plan with those cars in them. Usually, you cannot keep cars over a certain amount or late model or sports cars. Each case is individual.

Answer 2

You can keep two cars under the current chapter 7 laws. They need to be under a certain amount of value (which varies state by state) and you cannot keep luxury cars as a general rule. Sometimes you can take your wildcard exemption and apply it to your cars.

Answer 3

Very unlikely...and not if the cars have any particular value.