Law Offices of Michael J. Berger | Michael J. Berger
You must list all of your debts in your bankruptcy schedules. If you want to keep your car, keep making the monthly payments, say in your Statement of Intention that you want to reaffirm the debt, and then enter into a written reaffirmation agreement with the lender. For specific advice about your matter, please call me.
Answer Applies to: California
Ariano & Reppucci | Chris Ariano
If you want to keep the car, you would need to reaffirm the debt. You would sign a contract after filing very similar to the original loan contract. As long as you are current on the car payments and car equity is not above the exemption amount ($5,000), you should have no problems keeping your vehicle. If you wish to discuss further, please contact us.
Answer Applies to: Arizona