CAR LOAN AND BANKRUPTCY
December 17th, 2010 by Questions
in bankruptcy if i have a car loan am i able to keeo it
Posted from: Alberta
One Response to “CAR LOAN AND BANKRUPTCY”
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December 20, 2010 at 10:46 am, Barton Goth - Goth & Company Inc. -Trustee in Bankruptcy said:
As long as the equity in the vehicle is less than the amount allowable in the province (in Alberta it is $5,000) and you are able to continue to make the payments on the vehice then you shouldn’t have any problem. These are the only two criteria that need to be fulfilled, if you can meet these then the filing of a bankruptcy won’t impact your vehicle or the loan against the vehicle in any way.