April 1st, 2011 by Questions
do i get to keep my car if I claim bankruptcy, if my car is paid off
Posted from: Ontario
April 01, 2011 at 8:20 am, 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.
Log in to Reply
Please post a follow up comment below:
(Note: comments are reviewed by moderators and then posted after approval. In addition, due to high volume some of the comments might not be posted.)
You must be logged in to post a comment.