Legal Question in Bankruptcy in California
keep my car?
if I'm up for reposession on my car (I'm 4-5 months behind) and file bankruptcy, do I keep the car?
Asked on 11/01/06, 8:13 pm
1 Answer from Attorneys
Carl Starrett
Law Offices of Carl H. Starrett II
Re: keep my car?
You will only be able to keep the car if you (1) pay off the balance in full, which is called a redemption; or (2) you reach an agreement with the lender to keep making payments and not receive a discharge regarding the car debt, called a reaffirmation agreement.
Answered on 11/01/06, 8:50 pm
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