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Will I lose my car in bankruptcy?
Short answer
Often not, if your equity is protected by your state’s exemptions and you keep up payments. Chapter 13 can also help you catch up on a car loan.
See every step in 1 minuteBankruptcy: how it works and what you keep
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Official sources
- U.S. Courts: bankruptcy basicsuscourts.gov
- U.S. Trustee Program: approved credit counseling agenciesjustice.gov
- CFPB: debt helpconsumerfinance.gov