Legal Question in Bankruptcy in California

If you want to declare banckruptcy and have a debt with a bail agency and they have secured the debt with a car title as well as post dated checks, is this a debt that can be discharged through a chapter 7 bankruptcy.


Asked on 8/06/09, 8:55 pm

1 Answer from Attorneys

Larry L. Doan Law Office of Larry L. Doan

The bail agency is treated like a secured creditor with the car. In Chapter 7, one option the debtor has is to surrender the car to the creditor, and then the debt is discharged. If they have a security interest in the car, that's all they're entitled to if you surrender it.

Larry L. Doan, Esq.

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Answered on 8/07/09, 12:04 am


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