Can You Keep Your Car in Bankruptcy?
Falling behind on car payments does not reflect irresponsibility. Medical emergencies, loss of job, divorce and other unfortunate situations can happen to anyone. When these situations cause you to fall behind, you may face threats of repossession. At Rothschild & Ausbrooks, PLLC, our lawyers help people in Goodlettsville and throughout Tennessee overcome these threats. With more than three decades of experience on our side, we will show you just how possible it is to keep your vehicle and catch up on your payments.
Does the threat of repossession have you stuck between a rock and a hard place? If so, consider a board-certified attorney from Rothschild & Ausbrooks, PLLC. Contact our firm today to arrange your free consultation.
You Do Not Have to Give Up Your Car
One of the most prevalent myths about bankruptcy is that, if you file, you will have to give up all of your property, car included. Even if your car payments are caught up and it is other debts you are worried about, you may be concerned that your car will be taken away if you file bankruptcy. The fact of the matter is that this is a myth. You can keep your car.
This is not to say that everyone keeps their car. There is often a choice involved. Some people are in situations in which they simply will not be able to afford their vehicle going forward. Bankruptcy presents a good opportunity to get rid of what could end up being a burden to an otherwise healthy financial future.
On the other hand, if getting rid of all of your other debts through bankruptcy allows you to catch up on car payments and stay caught up, you will be able to keep your car.
Contact Us for a Free Bankruptcy Consultation
Please contact Rothschild & Ausbrooks, PLLC, today to get an answer to the question, “Can you keep your car in bankruptcy?”