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.
If your car is paid off, then you do not have a choice, but to claim it as an asset during a bankruptcy. This could cost you your car to pay off other debts. 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.
Use the money you get for your car loan to pay off some of your debts. 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. Just don’t include it in your bankruptcy and continue to pay the 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. Also, make sure you let your attorney know that you want to keep your car and they will do everything they can to make sure it will happen for you. 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.
