Can I keep my car in bankruptcy? | Patrick McBurney Attorney at Law

Can I keep my car in bankruptcy?

Usually, the answer to that question is yes. Sometimes you’re going to enter into a reaffirmation agreement with the bank. Other times you might offer a certain sum to redeem the collateral, which is your car. Or if you’re behind on your loan, bankruptcy will allow you to catch that loan up or in Chapter 13, reorganize the loan so that you can pay the bank back over a longer period of time.

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