Legal Question in Bankruptcy in New York

Repossession vs. bankruptcy

I am about to file a chapter 7 but was wondering if I should voluntarily surrender my motorcycle to the bank or if I should do it throught the bankruptcy. The bike is going either way, but which way will be less headache?


Asked on 7/09/07, 12:06 pm

1 Answer from Attorneys
Nancy Delain Delain Law Office, PLLC

Re: Repossession vs. bankruptcy

The resounding answer is IT DEPENDS. You need to contact a bankruptcy attorney in your local area (check out the phone book or the internet) to get advice on this issue, since the answer is fact-specific and would constitute legal advice.

Good luck.

THE INFORMATION PRESENTED HERE IS GENERAL IN NATURE AND IS NOT INTENDED, NOR SHOULD IT BE CONSTRUED, AS LEGAL ADVICE. THIS POSTING DOES NOT CREATE ANY ATTORNEY-CLIENT RELATIONSHIP BETWEEN US. FOR SPECIFIC ADVICE ABOUT YOUR PARTICULAR SITUATION, CONSULT YOUR ATTORNEY.

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Answered on 7/09/07, 4:21 pm


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