Legal Question in Bankruptcy in Georgia

I want to file Chapter 7 bankrupcty. I am a resident of Georgia. But I am afraid to lose my car. The car isn't paid off and I am current with the payments, however my other debts are making it really hard to keep up. I have another car that is paid off. Kelly Blue book value of $4,975. My debt ratio is so far out of control. But I do need a reliable car to get to point a and b. But I also need to file bankruptcy in order to start fresh, without it I will never be able to pay off my debts! Please advice! Thank you kindly!


Asked on 9/28/09, 9:26 pm

2 Answers from Attorneys
Glen Ashman Ashman Law Office also dba Glen Ashman Attorney

I'd need more information to know for sure, but it is very likely with those facts that you might keep the cars. With your full financial information as to other assets, exact amounts and so on, I could determine that. (You also might save the car with a Chapter 13, some of which may also discharge some debts). We often save cars for debtors.

You might want to get one of my free worksheets at www.glenashman.com and let me review it for you. I could then determine if we could help you. Let me know if we could help.

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Answered on 10/03/09, 9:33 pm
Scott Riddle Law Office of Scott B. Riddle, LLC

It is not clear what advice you want. Your potential case can't be evaluated based only on the fact that you own a car worth $4975 and want to keep it. Meet with a bankruptcy lawyer in your area to discuss all the relevant details.

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Answered on 10/03/09, 9:34 pm


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