What’s going to happen to my car in a Chapter 7 bankruptcy?
It depends on your situation and what you want to happen to your car. There are two possible scenarios: Scenario 1: You are CURRENT on your vehicle payments. Goal: Keep the vehicle. You should: Keep making the payments, maintain insurance on the vehicle, and the bankruptcy will not affect your ownership of the vehicle. Goal: Surrender the vehicle You should: Stop making payments, maintain insurance on the vehicle, and be prepared for the lender to repossess the vehicle once
