Bankruptcy Law Questions? Ask a Bankruptcy Lawyer Now.
*Due to rules of your state bar or mine, nothing herein is intended as legal advice, only intended as general information to better help yourself.*
Have you prepaid the lease in full or are you paying monthly?
In either a chapter 7 or a chapter 13 bankruptcy, the trustee would typically not be interested in taking a leased vehicle. The trustee is interested in assets that can be sold for the benefit of creditors. A leased vehicle that you are paying on monthly would not typically have a value other than to you. You would typically be able to continue the lease according to the lease terms provided you continue to make the payments as agreed.
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