Legal Question in Bankruptcy in California
leased vehicles
i recently went through a 341 meeting of creditors[i am filing a chapter 7]. I have a leased vehicle and the payments are current. Howerver, the term of the lease will expire in May. Am I required to turn the car in? or does theBK offer me some sort of protection. I would like to keep the vehicle and continue to make payments or refinance. What are my options?
Asked on 4/14/08, 1:44 pm
1 Answer from Attorneys
Robert F. Cohen
Law Office of Robert F. Cohen
Re: leased vehicles
The bankruptcy does not prolong the lease.
Answered on 4/14/08, 1:54 pm