Legal Question in Bankruptcy in Arizona

i MAY BE FILEING BANKRUPTCY. WHAT HAPPENS TO MY SUV THAT I OWE 10,000. DO I LOOSE IT. iT IS MY ONLY VEHICLE. THANKS DARRELL


Asked on 5/30/10, 6:38 pm

1 Answer from Attorneys
Jeff Biddle Biddle Law Firm, PLLC

If you are filing a Chapter 7, then you will need to make up all of the missed payments in order to keep the car. If you are filing a Chapter 13, then you may have other options that would allow you to keep the car and pay what the car is actually worth if it is worth less than you owe.

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Answered on 6/08/10, 9:50 am


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