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Joe

My car is valued at 16 000, and my remaining loan is 18 000. Is there anyway with a Proposal or Bankruptcy that I could keep my car. I am a single parent and require a reliable vehicle for work. I`ve not missed a car payment, it`s the other debt that is a problem.

Posted from: Manitoba

One Response to “Joe”

Barton Goth – Goth & Company Inc. -Trustee in Bankruptcy said...

Secured creditors largely operate outside the bankruptcy and consumer proposal process. So you should have no problem keeping the car, as long as you can afford to continue to keep the car payments current.