If we file bankruptcy, can we keep or cars and RV as there is no equity on any of them and we will have to live in the RV? 8 Answers as of September 18, 2017

We are not late on any payments except for $40,000 in medical emergency debt.

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GARCIA & GONZALES, P.C.
GARCIA & GONZALES, P.C. | Richard N. Gonzales
Probably yes.
Answer Applies to: Colorado
Replied: 9/18/2017
Janet A. Lawson Bankruptcy Attorney
Janet A. Lawson Bankruptcy Attorney | Janet Lawson
You may keep assets with no equity. Good luck to you.
Answer Applies to: California
Replied: 9/16/2017
Patrick W. Currin, Attorney at Law | Patrick Currin
So long as payments are kept current, yes.
Answer Applies to: California
Replied: 9/16/2017
Stephens Gourley & Bywater | David A. Stephens
Yes, if there is no equity and you continue to make the payments on the cars and rv.
Answer Applies to: Nevada
Replied: 9/16/2017
Garner Law Office
Garner Law Office | Daniel Garner
As long as you can demonstrate that you can afford the payments on the vehicles, you should be able to keep them.
Answer Applies to: Oregon
Replied: 9/16/2017
    OlsenDaines | Rex Daines
    Yes, as long as you stay current on payments, you can keep those items.
    Answer Applies to: Oregon
    Replied: 9/16/2017
    Law Office of J. Thomas Black, P.C.
    Law Office of J. Thomas Black, P.C. | J. Thomas Black
    Yes if there is no equity in the RV, no need to exempt it the bankruptcy trustee will not want it. The vehicles same way, but could likely claim them as exempt, at least within limits.
    Answer Applies to: Texas
    Replied: 9/16/2017
    Richard B. Jacobson & Associates, LLC | Richard B. Jacobson
    You can keep them so long as you keep paying for them. You may want to reaffirm the obligations if you can afford them, since that helps improve your credit score (so long as you are making timely payments). Also if you continue paying but do not reaffirm, and then should later miss a payment, the creditor could then repossess the collateral.
    Answer Applies to: Wisconsin
    Replied: 9/16/2017
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