Bellevue, WA asked in Bankruptcy for Washington

Q: Can I keep my car if I need to file for bankruptcy?

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3 Lawyer Answers
Timothy Denison
Timothy Denison
Answered
  • Bankruptcy Lawyer
  • Louisville, KY

A: Yes. If you reaffirm the debt.

Robert C. Hahn III
Robert C. Hahn III
PREMIUM
Answered
  • Bankruptcy Lawyer
  • Spokane, WA
  • Licensed in Washington

A: Usually yes if you are willing to continue to pay for the car according to the terms of your loan. In most situations you must be current with your payments. But in a chapter 13 you could be behind with your payments and still keep the vehicle. If you car is paid for and within your exemptions (the value of assets your allowed to keep in bankruptcy) then you can keep your car. If you car is above these figures you might not be able to. Most lawyers offer a free consultation. You could go meet with one to get you question answered for sure.

Justin M. Gillman
Justin M. Gillman
PREMIUM
Answered
  • Bankruptcy Lawyer
  • Edison, NJ

A: You don't provide a lot of information but generally yes. If there are no payments and you can protect the vehicle with your protections under Chapter 7. If there are payments and you continue to make them (or catch up through Chapter 13), yes also. The question does not provide enough information for a more accurate and detailed answer unfortunately.

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