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Bankruptcy and car loans: Can you keep your car if you file for bankruptcy
Bankruptcy and car loans: Can you keep your car if you file for bankruptcy
Yes. If you are making payments on a car loan and file for bankruptcy you can keep your car. You have to keep making your payments and, if you don’t, you can’t keep your car even if you filed bankruptcy.
The terms of your loan (how much you pay, how long you pay, etc.) are not normally changed just because your file bankruptcy. But know your car finance company cannot take your car if you are making your payments just because your file bankruptcy.
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