Q: Can I keep a car that was included in bankruptcy with a cosigner?
My mom is the cosigner. Do I have to turn the car in or can I continue to pay the payments under my mom and keep the car?
A:
You have various options in bankruptcy with regards to the vehicle - reaffirmation, redemption, surrender. However, as long as you continue making payments, the bank is unlikely to repossess your car, so you might not need any of the previously mentioned options. If you have a bankruptcy attorney, you can discuss this at length to better understand the process.
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