Chicago, IL asked in Bankruptcy for Kansas

Q: How do I value my car if I want to motion to redeem?

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1 Lawyer Answer
David Adams
PREMIUM
David Adams
Answered
  • Bankruptcy Lawyer
  • Olathe, KS
  • Licensed in Kansas

A: Generally blue book value is used, though ultimately other factors can be considered. There are some companies out there that will lend you the money for the redemption, so the car can be purchased for a more reasonable, post-bankruptcy loan amount.

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