We are thinking of filing Chapter 7. We want to keep our home, 2 cars, and

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We are thinking of filing Chapter 7. We want to keep our home, 2 cars, and

We are thinking of filing Chapter 7. We want to keep our home, 2 cars, and a camper that we have a secured loan with the bank. As long as we keep paying for them can we keep them?

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disneyforever19
14-02-2011

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Hi Disney, If you want to keep your home, car and the camper even after filing Chapter 7 bankruptcy, then you will have to reaffirm these debts with your lender. Once you reaffirm the loan, you will become personally liable for the debt payments. If you keep on paying the debts after that, then you will be able to save the properties.

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adonis | Asked on 2011-11-24

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