August 30th, 2009 by Questions
I pay my car payments on time will I lose it if i go to credit debt or file bankrupsty on all my debts.
Posted from: Ontario
August 31, 2009 at 7:45 am, A licensed trustee said:
Currently, if you file for bankruptcy the lender has the right to decide to reposses (take) your car when you file – even if your payments are up to date.
On Sep 18 that law is changing – if your payments are up to date the lenders will no longer have the right to take your car whn you file for bankruptcy.
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