If you can keep your car payments current you will very likely be able to keep your car. In filing bankruptcy you will have to list all of your assets and all of your debts, so there is no discretion whether to put the car “in the bankruptcy”, but that’s just as well. The bankruptcy process is always easier when you fully disclose all of the aspects of your financial condition. Here is a video I uploaded about the impact of honest disclosure in your bankruptcy case.
How can I file bankruptcy without losing my car? Do I have to put my car in the bankruptcy?
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Ronald J. Drescher has been practicing since 1986 in the areas of business transactions, commercial litigation, loan documentation, bankruptcy, creditors’ rights, and out-of-court workouts. His experience also includes corporate reorganizations, insolvency, business and tax planning.
