Financed Car

March 15th, 2010 by Questions

I am looking to claim bankruptcy in the coming month. I have a Car financed at present and would like to give it up during the bankruptcy. The amount i owe on the loan is surely more than what the car is worth at present. If i need to include it in the bankruptcy do i have to return the car to the bank prior to claiming or do i just hand over the keys to the trustee?


Posted from: Ontario


One Response to “Financed Car”

, A licensed trustee said:

This is something to discuss with your trustee prior to filing. We instruct clients to return the vehicles BEFORE they file simply to make certain the debt will be included in their bankruptcy with no questions asked.

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