Ballwin, MO asked in Bankruptcy for Missouri

Q: I don't know whether to bankrupt or Judgement proof. If I bankrupt will I loose my 5000 car. What about judgement proof?

My income is $706.00 for social security a month. I have about $4,000 left from my profit sharing retirement. And that's it. I'm almost 70 years old. I need my car to get to the doctors and just to live. I'm diabetic. My car is my only asset and its not even worth much.

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1 Lawyer Answer
David Reese Fondren
David Reese Fondren
  • St. Charles, MO
  • Licensed in Missouri

A: Exemption in bankruptcy are identical to exemptions against creditors as they are the same laws for Missourians. Can not predict how a particlar trustee or creditor atty will act. Look up your vehicle on for more accurate valuatuon. Then talk to an atty.

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