Q: i take care of my disable mother we have a personal loan together with our car as collateral we also have other
outstanding bills can we file chapter 7 togethr and is there anyway we can keep our car?
A:
There are ways for sure. Most debtor's who file bankruptcy don't loose their car. Without a more information no one can give you reliable legal advice here. I would say call and we figure out, if you pay and drive through keeping the car, reaffirm the auto loan, or redeem it for fair market value. Remember Chapter 13 is a great tool to keep certain cars or even get them back if taken by a lender. I assure you the car and transportation issues are not
bankruptcy questions but the things everyone deals with. My question is the car a good car, well maintained, what year, who many miles, when purchased, how far you drive it daily? There a so many factors that I consider before counseling a client. But you are the boss and if your goal is to keep the car then we will find a way to keep it.
Doug Bernacchi
A: I already answered this but I assume you know that is a car loan with a co signer of perhaps little value to the creditor.
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