Can I include a repossessed car account on a bankruptcy? 18 Answers as of June 30, 2011

Can I include a repossessed car account on a bankruptcy? It is worth $12,000.

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The Law Office of Mark J. Markus
The Law Office of Mark J. Markus | Mark Markus
You not only can include it, you must. All assets and all debts must be listed in any bankruptcy case. Failure to do so is grounds for denial of discharge and various sanctions.
Answer Applies to: California
Replied: 6/30/2011
Bankruptcy Law office of Bill Rubendall
Bankruptcy Law office of Bill Rubendall | William M. Rubendall
A deficiency for a repossessed car loan can be discharged in bankruptcy.
Answer Applies to: California
Replied: 6/30/2011
Law Office of Asaph Abrams
Law Office of Asaph Abrams | Asaph Abrams
Vehicle deficiencies get eliminated in bankruptcy. They're often a major cause of insolvency. Blame it all on the car commercials... dramatic displays of professional racing on cleared-out roads, car bodies all reflective chrome and showroom shine, and the luxury-make's smug voiceover... they're the bane of the consumer-driver.
Answer Applies to: California
Replied: 6/30/2011
Mercado & Hartung, PLLC
Mercado & Hartung, PLLC | Christopher J. Mercado
You are required to include it in the petition if the car was repossessed within 1yr of the filing.
Answer Applies to: Washington
Replied: 6/30/2011
Financial Relief Law Center
Financial Relief Law Center | Mark Alonso
You can include the car in the bankruptcy.
Answer Applies to: California
Replied: 6/29/2011
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