In bankruptcy Do I Have to return Boat and Trailer if I can afford payments?
July 14th, 2010 by Questions
Im thinking about going bankrupt. I was without a job for a while and accumulated or 40k in credit card debt. I can no longer afford the credit card payments , but I have a boat and trailer that are financed through a local credit union.
I am wondering, if I go bankrupt, will I have to give up the boat and trailer? Or can I keep them if I can afford those payments? Really the only thing that is killing me is the credit card payments, I have considered a consumer proposal, but I think bankruptcy is the option for me in this case.
Would I be able to keep the boat and trailer if bankrupt, if I was able to keep making payments to the bank on them?
Posted from: Saskatchewan