bankruptcy personal property exemption

bankruptcy personal property exemption

One of the most common questions that is asked every Washington bankruptcy lawyer, while an initial consultation, if someone intends filing bankruptcy can keep their car. In most cases the answer is yes.

In the vast majority of cases, customers who keep their car and the ability to up to date want to stay and that their monthly payments in a position to keep their car after filing for bankruptcy in Pierce County, Washington. Depending on whether you are a Show Chapter 7 or Chapter 13 bankruptcy, and, depending on whether you get the federal government, the state exemptions or exemptions, it is designed as a rule, that equity in your vehicle secure from being seized by the trustee.

However, there are a few exceptions to this rule. It is true that most people are actually able are keeping their cars after signing a Washington bankruptcy if you can have a very large amount of equity in one or more cars, you will not be able to To protect your vehicle or vehicles in a bankruptcy. Moreover, as already mentioned, if there is any outstanding loan on your car, then as with holding a home or other real estate in a bankruptcy, you must be able to make your regular monthly car payments to keep your car.

If You have questions, whether or not your vehicle or vehicles can be protected in a bankruptcy, you must call and speak with an experienced Bankruptcy attorney about bankruptcy law and your options.

Choosing the right bankruptcy attorney may be one of the most important decisions that you will ever make. We are your experts in all chapter 7 and 13 bankruptcy and home foreclosure matters.

New York Bankruptcy Lawyer: Will They Come To My House To Take My Stuff?

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