Ask a Question

if i go bankrupt will i lose my car

+2 votes
asked Mar 28, 2014 in Personal Finance by anonymous
   

2 Answers

–1 vote
If you go bankrupt and have loans you can lose all the assets in your position including your car.
answered Mar 28, 2014 by smartypants Inquisitive Expert (81,320 points)
+6 votes
More often than not, the car will not be included if you owe and are making payments on a car. It will not be included. Depending on the value of the car, if the vehicle is questionable in monetary value, the car may not be appraised for a court hearing. It is dependent on the attorney representing you.
answered Mar 29, 2014 by The.Sage Inquisitive Expert (93,460 points)

Categories

ExplainPlease on Facebook

75,014 questions

48,872 answers

1,169 comments

82,463 users

CuriousGirl313,480
BobTheAnswerGuy310,070
smartguy111,120
charlie100,740
bbrown97,580
answerwiz94,860
The.Sage93,460
amanda0192,460
kfox83,500
lsmith82,840
...