Can You Keep Your Car After Bankruptcy?
Yes, in many cases you will be able to keep possession of one car when you file Chapter 7 or Chapter 13 bankruptcy. Under Florida exemption laws, you are allowed an exemption of up to $1,000 in equity on your primary car. So, you should be able to reaffirm your willingness to continue to make timely car payments,
The rules regarding exemptions and discharging debt in bankruptcy are complex. Before you listen to the myths, get the straight answers from a debt relief law firm headed by an American Board of Certification certified bankruptcy specialist. The Golden Law Group has earned recognition as one of the prominent bankruptcy law firms in the Florida Central Gulf Coast region.
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During your free initial consultation, we will evaluate your financial circumstances and give you clear answers to your questions about your property and debts, including:
- What the bankruptcy process will be like and how you will come through it okay
- Whether your circumstances make you eligible to keep your car
- Whether you are eligible to file for Chapter 7, under the bankruptcy means test
- Whether you can keep your house through bankruptcy, and if it's the best decision
- What exemptions you can claim on the equity in your house, car and personal property
- Possible solutions to your debt problems without filing bankruptcy
- How to stop illegal debt collection practices
The firm promises confidential, compassionate and responsive legal representation throughout the process. Their attorneys will handle everything, from gathering initial records through court appearances and negotiating with creditors. In most bankruptcy cases, you will only be required to appear in court once, for your Creditors Hearing. We don't gather the documents the clients do
Contact one of their convenient offices in Brandon, Tampa or Bradenton, Florida, to arrange a free consultation with an experienced bankruptcy lawyer at The Golden Law Group today.
