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Terry L.
Terry L., Attorney
Category: Bankruptcy Law
Satisfied Customers: 2648
Experience:  Better Business Bureau. 18yrs bankruptcy experience. Chicago Bar Assoc. American Bankruptcy Institute member.
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If my friend files for bankruptcy, chapter 7, and has 3 vehicles

Customer Question

If my friend files for bankruptcy, chapter 7, and has 3 vehicles that are not paid off yet, would she be able to keep them?
Submitted: 5 years ago.
Category: Bankruptcy Law
Expert:  cfortunato replied 5 years ago.
Hi JACustomer,
1) Where has your friend lived for the past 2 1/2 years?
2) What are the current market values for each car?
3) What are the balances of each car loan?
4) Is your friend married or single?
5) If married, will her spouse also be filing a Bankruptcy?
Customer: replied 5 years ago.
I will have to get the info. about the the value of the vehicles and the balance. She is not married and has lived in my house for 71/2 yrs. Will I be able to get in touch with you if I log out and get back to you either later today or tomorrow? And where do I go to contact you later or tomorrow?
Expert:  cfortunato replied 5 years ago.
Yes - I am available until 9 PM, and then again at around 7 AM.
Customer: replied 5 years ago.
I will contact you in the morning, July 6th. How long do I have to work with you for the fee i paid today?
Customer: replied 5 years ago.
I will have all of the info. for you tomorrow. Thanks for being available.
Expert:  cfortunato replied 5 years ago.
You're welcome!