Can you keep your car in a bankruptcy?

Answer Chapter 7 bankruptcy laws vary by state. However, many states allow you to file an exemption to protect your important personal assets, including your vehicle. If you have a car loan, you can negot... Read More »

Top Q&A For: Can you keep your car in a bankruptcy

In Chapter 7 Bankruptcy can you use the Homestead Federal Bankruptcy Exemption to keep your 120000paid off condominium with a lien against it for an 11000credit card debt in pa?

Your right that PA has no special homestead exemption for BK and you would rely on the Federal one.The lien (the Cr Card one), is essentially the same as a first position mortgage against the prope... Read More »

Can you file bankruptcy on your second mortgage and keep your home?

You can file for Chapter 13 bankruptcy to eliminate your second mortgage if this debt is not secured by your home's market value. You will be able to remain in your home by paying first mortgage pa... Read More »

How to Claim Bankruptcy & Keep Your Car?

An excessive amount of debt can cause financial stress and eventually lead to bankruptcy. When someone files a petition for Chapter 7 Bankruptcy, one of the questions they frequently ask is, "Can I... Read More »

Can you claim bankruptcy&keep your home?

According to the Moran Law Group, you can keep your home after filing Chapter 7 bankruptcy as long as the equity does not exceed the homestead exemption plus the estimated cost to sell the home. If... Read More »