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Can I keep my car after I file for Chapter 13 Bankruptcy?

YES. If your car is mortgaged to a creditor as security for a loan, you will be expected to pay an amount to the creditor at least equal to the value of the automobile at the time you file your Chapter 13 Plan. Any amount due to the creditor over the value of the car will be paid as an unsecured debt.

Contact us now to inquire about our Chapter 13 Bankruptcy related legal services.

Contact Baltimore Chapter 13 Bankruptcy Attorney