I owe over 30k in credit card debt that I have not payed on in 9 Months. Several 2k-5k debts to different credit card companies and 1 particular company I owe 20k or more to because multiple cards with them.
My car is a 2005 and its currently worth about 10k but I still owe $5500 to the finance company and have never missed a payment and dont owe them any other money.
With me owing money on it still can it be taken?
What about in 12 months if I pay it off then can it be taken?
is there a 5k exemption, so if i sold it, paid it off and bought a car for 3k then could they take that car?