Legal Question in Bankruptcy in District of Columbia
Can i lose my car in a chapter 7 bankruptcy. it is paid off but is my only means of transportation to and from work
Asked on 4/29/13, 8:53 am
1 Answer from Attorneys
Daniel Press
Chung & Press, P.C.
It depends on what the car is worth and whether you have sufficient exemptions (car and "wildcard") available after using them also to protect other property. The exemptions typically available in DC are usually sufficient to protect most paid off cars.
Answered on 4/29/13, 1:57 pm
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