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Would I lose my car if I claimed bankruptcy
Posted from: Alberta
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In the province of Alberta, when you file for bankruptcy, you are able to retain a vehicle with up to $5,000 equity. So as long as the current market value of the vehicle less the amount owing against the vehicle (if anything) is less than $5,000, then you can retain the vehicle (of course if there is a loan against the vehicle you would also have to continue to keep up on those loan payments as well).