another car question

[monkatom]

if your cars are abnove the exemption level by a lot do they sell of the cars and leave you with no transportation. this may make me change my mind and file chapter 13 if I can swing it.

[keepmine]

if your cars are abnove the exemption level by a lot do they sell of the cars and leave you with no transportation. this may make me change my mind and file chapter 13 if I can swing it.

Depends on the amount of equity involved. First of all, the trustee must pay the leinholder {if any} then, you get your exemption. This is after the trustee has recovered the expeneses of the sale. The trustee must decide if there is enough money left to make seizure worthwhile. Often, their is a negoiation process where you are given a chance to buy the vechicles from the trustee.

[monkatom]

I have three cars all three are paid off. The oldest would probably pass the exemption test and i could keep it the only problem is it is an older mustang taht seats four and there are 5 of us. looks like someone is walking.