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Keeping My Car After A Bankruptcy

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  • 03-28-2008, 06:20 PM
    jrock626
    Keeping My Car After A Bankruptcy
    My mom is 40 months into her car loan and she was told that if she has the car for 40 months and it is in repo status and she files for a BK, she can keep her car. At least that is what she is told. The bank is forced in allowing her to keep the car at an adjusted loan balance according to what the bank would have gotten in auction, and then the payment is set by the judge. Is this possible?
  • 03-28-2008, 07:18 PM
    gigirle
    Re: Keep My Car After A BK
    You put this post in the foreclosure forum and it should be in the bankruptsy forum.

    What state?
    What kind chapter 7 or 13?
    What does her lawyer say?
    Was the car excluded from the bankruptsy?
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