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Can I keep my car and file bankruptcy?

You can keep your car, even if you file bankruptcy. If you are current on your car payments and want to keep your car, you can do so. Sometimes, though, it may make more financial sense to surrender, or let your car go, in bankruptcy. Some questions to ask are: Do I owe more than it's worth? Do I think the car is reliable enough that it will last as long as the number of payments I have left? Can I get a better interest rate than the one I have after my bankruptcy discharge? You may find that letting the car go through your bankruptcy case is a more financially wise decision than keeping it. At the end of the day, however, the decision is yours.

You can keep your car, even if you file bankruptcy. If you are current on your car payments and want to keep your car, you can do so. Sometimes, though, it may make more financial sense to surrender, or let your car go, in bankruptcy. Some questions to ask are: Do I owe more than it's worth? Do I think the car is reliable enough that it will last as long as the number of payments I have left? Can I get a better interest rate than the one I have after my bankruptcy discharge? You may find that letting the car go through your bankruptcy case is a more financially wise decision than keeping it. At the end of the day, however, the decision is yours.

At O'Bryan Law Offices our attorneys understand and can help you discuss what your best option may be with regard to your vehicle, including the pros and cons of keeping your car or surrendering your car in bankruptcy. If you do choose to surrender your car, we can also help guide you in reaching decisions on your next vehicle.

If you are interested in learning about your options through bankruptcy, make an appointment to speak with one of the experienced bankruptcy attorneys at O'Bryan Law Offices today. We now offer free "Life After Bankruptcy" courses to our clients to help them rebuild their credit score. Call us today at 502-400-4020 for a free bankruptcy consultation. Get a Fresh Start today!

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