San Jose, CA asked in Bankruptcy for California

Q: Will my car be taken away if I file for bankruptcy? I don't want to take public transportation.

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3 Lawyer Answers

Ronald Holland

Answered
  • Bankruptcy Lawyer
  • Roseville, CA
  • Licensed in California

A: You should always at least consult with an experienced bankruptcy attorney before filing bankruptcy. I also recommend hiring one that you like to represent you. It is well worth it for the peace of mind knowing that your case was properly handled.

The answer to your question is "it depends". It will depend on several factors, including whether you own real property, how much the the car is worth, if you have a loan... For specific information, have a consultation and get exact advice.

No one, including me, can give you legal advice online.

Peter Maurice Lively

Answered
  • Bankruptcy Lawyer
  • Culver City, CA
  • Licensed in California

A: Probably not. However, you need to provide an experienced bankruptcy attorney with all of your financial facts and circumstances so that he or she can help you determine your options. If bankruptcy is a viable option, then your attorney will help you determine which of your assets (or how much equity in your various assets) are exempt from being used by a bankruptcy trustee to pay your creditors.

Timothy Denison

Answered
  • Bankruptcy Lawyer
  • Louisville, KY

A: Depends on your other assets. You can like keep an auto. You should contact an experienced bankruptcy attorney to discuss your situation.

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