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If you have unsecured debt of under $10,000 and live in the Province of Ontario filing bankruptcy may not be the best option for you. We suggest you contact the Office of the Superintendent of Bankruptcy at 416-973-6441 to discuss your options, or you can visit their website here.

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Car lease and bankruptcy

If I declare bankruptcy will I loose my vehicle which is leased?

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One Response to “Car lease and bankruptcy”

A licensed trustee said...

As long as your payments are current when you file (and you keep them current) you should not lose your leased car. There are one or two companies that have a policy of repossessing cars (when people file) – ask your trustee what the policy is in your area is before you file.