What happens to my car?

In most cases, all of the equity in your vehicle (one only) will be exempt (i.e. cannot be taken from you by the bankruptcy estate). You can elect to reaffirm the loan and keep making your payments to avoid repossession. In some cases, you can use Chapter 13 to reduce the balance of your loan to the value of your vehicle, and/or restructure the remaining balance over 36-60 months. Alternatively, you can elect to discharge the loan and “surrender” the car if you do not want to keep up the payments. There are other options as well, and a consultation is the best way to figure out what will work for you.

What happens to my car?
Call today for a consultation
We’re Available: (316) 262-5500