california exempt bankruptcy

california exempt bankruptcy
I lay for Chapter 7, I owe on a car. When I submitted for redemption and loan co does not answer, can I keep it?

I have my own Chapter 7 bankruptcy, but I'm confused about something. I'm in California and listed my car that I owe 2750 on one of my EXEMPT property Elements. The car has a poor transmission quality and is sitting in my garden. I put a letter of intent in relation to salvation. If answer is not the Lien Holder or could respond to this, I get to keep my car?

You can stop the car, but the lender nor any of its lien rights under motor vehicle purchase contract. On your statement of intention, you said you would redeem the collateral? If yes, salvation means to buy the vehicle back or paying for them off. If you "reaffirm" the debt that you meant to blame for the same conditions that your current contract does reaffirm among themselves, must You file an amended Statement of Intention. Whichever one, the lender or the lien rights it holds.

Assets Exempt From Bankruptcy – Los Angeles Bankruptcy Lawyer

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