Posted on: 25th Apr, 2010 07:30 pm
i have three cars and two of them are paid off and one is still on a loan. i have decided to file a chapter 7 bankruptcy can they take the two cars that i have paid off?
Welcome ashleymacekc,
You will have to list all your assets and debts while you file Chapter 7 bankruptcy. The trustee can take your paid-off cars and sell them off in order to pay off your creditors.
You will have to list all your assets and debts while you file Chapter 7 bankruptcy. The trustee can take your paid-off cars and sell them off in order to pay off your creditors.