Legal Question in Bankruptcy in Florida

Re: bankruptcy chapter 7

it primarily depends on the amount of equity in each car, if you are filing individually or jointly. You should ask your attorney to evaluate your personal situation.

My office represents clients in bankruptcy throughout the state.

Re: bankruptcy chapter 7

Everything you own is acquired by the chapter 7 trustee unless it is either exempt or abandoned by the trustee because there is no equity. You have a $1000.00 exemption towards a cars equity. If there is excess equity the trustee will generally give you the opportunity to pay back the amount of the equity and keep the car. Just because you have two cars does not create a right to keep one.