If I file for chapter 7 bankruptcy can I keep my car?
I've read a bit of things about chapter 7, but one thing isn't clear. Under the new laws, I do qualify for it. I'm in Missouri. it says I can keep the car up to the value of 3k. My car is work 7k. I obviously cannot afford nor would I qualify to get a new car and I have no money (which is why the bankruptcy). I live alone and can't go without a car. what will happen in this case? I have no other assets other than that.
you can keep it.
They will take the car. you will have to find another means of transportation.
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