Q: Can I file for bankruptcy and keep my vehicle (worth $4,000)?
A: You are asking a question about exemptions. In order to keep your car in a Chapter 7, you have to exempt it. If you don't exempt it, it can be taken and sold to pay debts. This is a good question to take to a lawyer in person. The answer depends on both the dollar value and the kinds of things you are trying to exempt. California has generous exemptions defined in the law, but you have to use them correctly or they won't protect you.
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