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do i get to keep my car if I claim bankruptcy, if my car is paid off

Posted from: Ontario

One Response to “car”

A licensed trustee said...

You are allowed to keep a motor vehicle worth up to $5,650 if you file for bankruptcy. If your car is worth more than that then you will be required to pay the excess (the amount your car’s worth exceeds $5,650) to your trustee as part of your bankruptcy if you want to keep the car.