Legal Question in Bankruptcy in New York

Automobile leasing bankruptcy purchase

I filed for bankruptcy in December of 2000. My car

lease is up this May 2002. I was allowed to keep the

lease on the car. Is it considered an asset

or can I legally purchase the car without the court

taking posession of it. If I purchase the car do I

have to give it to the court as an assest to sell to pay back my bankruptcy.


Asked on 2/11/02, 9:11 pm

1 Answer from Attorneys
Lance Spodek Lance Roger Spodek, P.C.

Re: Automobile leasing bankruptcy purchase

If you have received a discharge as I assume you have then you can do as you please as to the car. No need to report back to the court. If you purchase its yours free of claims.

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Answered on 2/12/02, 12:40 pm


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