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can I keep my car if I file for chapter 7 bankruptcy
Chicago, IL
Viewed 1649 times.
Posted 9 months ago in Bankruptcy / Debt
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Bankruptcy:
Hello,
I lost my job and about to go to forclosure. I am trying to see my property right now and I returned my car. I was thinking for filing Chapter 7. My question is I purchased a vehicle for my brother about 3 years ago which he is paying for and his payments are current if I file does he have to return his vehicle? He is also the co-signer on the vehicle. Thank you - Is this your question? Add additional information Answers (3)Henry Repay
This attorney is licensed in Illinois.
Posted 9 months ago.
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You can probably file Chapter 7 bankruptcy without your brother's car loan being in jeopardy. The scope of this space does not afford an opportunity to assess the situation and fully advise you. I recommend you assemble for legal consultation: (1) your income information for September through February, including wages and unemployment during that period; (2) all your bills (several months' copies neatly assembled); (3) last four years' tax returns; (4) a credit report; and (5) other information that may apply, such as copies of lawsuits. Set up an appointment at your earliest convenience to afford the most opportunity in which to be advised about your best course.
Kevin Lee Linder
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