Will I Lose My Car if I Declare Bankruptcy? If you bought your car with a loan, your vehicle may be seized as collateral during a bankruptcy proceeding. However, you can usually keep your car byreaffirmingyour car loan and continuing to make payments. Similarly, you can usually keep your ...
Will I lose my house or my car? You can keep your car, house, and all your assets in bankruptcy. In fact, many people who file bankruptcy do so to protect their home, car, and other assets from creditors. Can bankruptcy protect me from wage garnishment?
Chapter 7 bankruptcy can require the sale of assets that are still carrying a loan balance, but only under certain circumstances. How to (not) lose your car in Chapter 7 Will you keep your car when filing Chapter 7 bankruptcy, or will you lose it? That depends. Here are four factors to...
Buying a house after bankruptcy is possible, but it will take some patience and financial planning. It's important to check your credit reports regularly to make sure everything that should be there is there—and nothing is there that shouldn’t be. You can start rebuilding your credit...
What Do I Get to Keep? Filing for Bankruptcy Does Not Mean You Lose Everything You Own “What can I keep in bankruptcy?” It’s one of the first things people want to know when they are considering their debt relief options. Lenders and creditors have done an excellent job of convincing...
Choosing between Chapter 11 and Chapter 13 is serious. Making the wrong decision could cause legal headaches, prevent you from protecting certain assets like your house or car, and cost you more in the long run. It’s a choice that you should at least talk to a bankruptcy attorney...
Amazing bankruptcy attorney! Robert and the entire team went above and beyond in my bankruptcy case. I was about to loose my house in foreclosure but thanks to Robert’s expertiseRead More March 20, 2024 Nelson M5 Excellent work from this bankruptcy law firm! I was drowning in debt with my...
4. Can I keep my house and car after filing Chapter 7?In 2022, a new bill made it easier for bankruptcy filers in Colorado to keep their homes and automobiles. It was called the Homestead Exemption and Consumer Debt Protection Act, or SB 22-086....
Can I keep my house / car / credit cards after bankruptcy? Generally after bankruptcy, we advise that you stay current with payments for secured debt, such as your house or car. If you continue to make regular payments and the property is insured, the law allows you to keep it. If you...
Equity in your house up to a certain amount, which youmay be able to keep. Equity in your car, which means you may beable to keep it. Ordinary household goods and personal property. At Bond & Botes, we stay up to date on all the developments and changes in state and federal exemption...