Bankruptcy Law Questions? Ask a Bankruptcy Lawyer.
One is $1,650 KBB value
One is $1,125 KBB value
One is $700 KBB Value
There are no loans on any.
The reason I asked is that a NY State Bankrutpcy filer can keep any car with little or no equity. However, if your cars have equity, you can keep only one with a value up to $4,000, per NY Cred. Debt. 282(1), which can be viewed here:
If you want to keep all 3 cars, you will be able to pay the value of the extra cars to the Bankruptcy trustee.
I think this is what you wanted to know. If not, please let me know.Thank you!