Question: I got a loan for a car of $33K in 2008. As a right now I owe $22K. I had change one of the seat of car because when i left my dog inside the car he distroided and I replaced the car seat with an older one and also I put a remote started that I took out and put it in my other car like 4 month ago… I dont know if this is going to affect me in anyway if I declare bankruptcy? Any advice in this situation and also I’m looking for a lawyer to represent me
Answer: If you file for bankruptcy and your intention is to keep the car, you’ll most likely be able to do so as long as your account is up to date and you and the car loan company agree that you’ll continue making the payments to them. You’d only include the car loan debt into the bankruptcy if you volunatrily wanted to surrender the vehcile back to that creditor and cease paying them.
For more information on how the bankruptcy process works, our advice would be to contact a local trustee in bankruptcy who’d be happy to explain your options to you in more detail.