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Bankruptcy Advice

Category Credit Cards

When you file bankruptcy just on credit cards, what can you keep? We have a car and motorcycle loan that we pay on time.

Sharon from NY

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By guest (Guest Post)
August 13, 20040 found this helpful

Hi,

You can keep your car, as long as you keep up with the payments. As for the motorcycle, that I'm not sure about, but if it's used to go to work, then I don't see why not.

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December 8, 20040 found this helpful

I would STRONGLY suggest that you contact a bankruptcy attorney to ask the question. First consultations are free :-) You may not qualify for chapter 7 bankruptcy, but may have to file chapter 13 - financial reorganization.

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December 30, 20040 found this helpful

Laws vary by state. When we filed, we were allowed to keep the house and car, if we wanted to. You still have to "claim" them as part of the bankruptcy, we just had to resign an agreement for them. (to keep paying them).

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November 1, 20130 found this helpful

You can keep them both as long as you will pay it properly to your loan.

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