Keep Your Car Bankruptcy – How Can You Keep Your Car After Bankruptcy!
Do you need to file for bankruptcy, but you do not want to give up your car? Does your attorney know how to file for you and make sure you can keep your car after bankruptcy? There is a way to keep your car and file for bankruptcy and here is how you do it.
First, if you file for bankruptcy, but you do not include your car, then you can keep it.
Now, if your car is paid off and you own the title to it, then you have to claim it as an asset. They could take your car to help pay off the other debts if you are not careful. One thing you can do before you file is take out a loan against your car so that it is not paid off. Do this before you ever contact a bankruptcy lawyer.
You can do whatever you want with the money you got from your car, but if you just keep the cash you can pay it off after your bankruptcy is over with. This will help you because you will have a lien on your car, which will allow you to keep it, and you will pay off a few debts, which will give you less to include in your bankruptcy. This means you will be able to Mkeep your car after bankruptcy, which is the goal anyway.
Second, if your car already has a loan against is, then you have nothing to worry about. Make sure you continue to pay your car payments on time. This will keep you from getting your car repossessed.
If you want a keep my car bankruptcy, then use either of these options to get it. Make sure you ask for your attorneys advice on everything since you are paying them to help you with this. You always have to speak with the lawyer before yo udo anything and always be honest with them so that you get the best possible advice when filing for bankruptcy.
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