Legal Question in Bankruptcy in Michigan
Lien on car
A lender has a lien on my car from a loan that will be discharged from a chapter 7. Is there any way to keep the car and prevent them from taking it. It's only worth about $2400.
Asked on 1/17/09, 7:41 pm
1 Answer from Attorneys
Lesley Hoenig
Lesley A. Hoenig, Attorney at Law
Re: Lien on car
Yes, you can either reaffirm the loan and pay it as you have been paying it, or you can see if they will let you redeem it for fair market value ($2400 according to your question).
Answered on 1/17/09, 9:26 pm
Related Questions & Answers
-
Bankruptcy I am planning on filing bankruptcy I have found a house for less money... Asked 12/27/08, 1:40 am in United States Michigan Bankruptcy Law
-
Tax return refund I know after filing a chapter 13, the money from any refund is... Asked 12/24/08, 11:21 am in United States Michigan Bankruptcy Law
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
