Keep My Car Bankruptcy – What To Do So You Can Keep Your Car!

by Kevin on August 25, 2010

Are you considering filing for bankruptcy, but you don’t want to give up your car? Have you asked how you can get a keep my car bankruptcy? There is a way to keep your car and file for bankruptcy and here is how you do it.

To begin with, if you file for bankruptcy you will have the chance to keep your car as long as you do not include it in the bankruptcy.

If your car is paid off, then you do not have a choice, but to claim it as an asset during a bankruptcy. 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 will allow you to make your goal and keep your car after bankruptcy, which is exactly what you are after.

Next, if your car has a lien on it, you should be able to keep it without any issues. 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. 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. Your lawyer will give you the best possible advice as long as you continue to be honest with them about what you want and what you are doing.

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