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Tag archive for ‘Cars and Bankruptcy’

What Is the Rule With Cars and Bankruptcy?

by Moderator on 2/06/10 | 0 Comment(s)

Three important points to consider regarding cars and bankruptcy: 1. How much “equity” do you have in your car? As we’ve discussed on previous posts, a car or any other asset is only subject to liquidation in chapter 7 bankruptcy if there is non-exempt equity. Every state allows debtors to protect a certain amount of [...]

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