Q: I want to file chapter 7 bankruptcy. Will I lose my car?
The car in question is financed, my father is making payments on the loan each month with his name, but the car is registered in my name, he is co-owner. The car is 7 years old, I mainly use it for a delivery job
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A: No you will not lose your car by filing Bankruptcy. You have ample exemptions to protect it. Chapter 7 Bankruptcy is not simply filling out forms. Trying to handle this matter yourself is not wise. You do not know the USBC, you do not know the local rules of Bankruptcy and if there was an adversary proceeding started against you, or an objection filed to your plan, you would be like a deer in the headlights. To properly answer your questions and address your concerns, the best way to handle this is with an in person consultation with an experienced NY bankruptcy attorney.
A: Probably not if the papers are done right.
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