bankrupsy and car

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


One Response to “bankrupsy and car”

, 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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