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Category: Property in bankruptcy Video

If I declare bankruptcy, can I lose my car?

August 24, 2012 | Posted in Property in bankruptcy Video

In most cases, you will not lose a car in bankruptcy unless that’s what you intended to do. Bankruptcy law provides certain protections for equity that we have in our cars. For individual, there’s a $3225 equity exemption for an automobile. Therefore, if your car is worth much more than that amount, then the trustee […]

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