car lease

September 19th, 2013 by Questions

My husband and I both lost our jobs and have been living on unemployment until recently he found a job and my unemployment ran out, the bills have just been pilling up and we have debt collector calling 5 times a day, we have about $12000.00 in debt on credit cards and we have a lease on a car, If we claim bankruptcy will we lose my only vehicle?

Posted from: Ontario


One Response to “car lease”

, A licensed trustee said:

In order to keep the car you need to make sure the payments are current when you file for bankruptcy and you keep them current. The leasing company has no right under the law to take the car if you are current with the payments, even when you have filed for bankruptcy.

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