2007-04-05 05:07:36 · 4 answers · asked by WANDA S 1 in Business & Finance ➔ Taxes ➔ United States
yes but if you include your car on the chapter 7 you have to give it up . but if you exclude it you can keep paying on it and keep it.
hope this helps
2007-04-05 05:12:07 · answer #1 · answered by Moma Dawg 2 · 0⤊ 0⤋
In a chapter 7 you have to list all your assets and liabilities. You decide what you are going to keep making the payments on, like the car, house etc. The lawyers fees are paid up front depending on the circumstances, mine was $1200 in 2002.
If you put your new car into the bankruptcy, the car will no longer be yours and you will have a BIG problem trying to purchase another car on credit.
2007-04-05 12:15:40 · answer #2 · answered by John P 6 · 0⤊ 0⤋
Only if it was purchased before 2007 and only if it is the only vehicle being filed. You can only file one vehicle.
2007-04-09 11:19:56 · answer #3 · answered by cfcgrs 1 · 0⤊ 0⤋
As long as you don't mind watching it drive away without you in it..... ;-{
2007-04-05 12:16:00 · answer #4 · answered by Judy 7 · 0⤊ 0⤋