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    Quick ?

    Hello all,

    Just begining to look into bankruptcy as an option and have a few quick questions-

    State MI
    Married

    I own 3 cars at this time.

    One a broken down 94 Taurus (will be getting rid of shortly. looking at doanting)
    2002 Windstar
    2004 Taurus

    All 3 paid for. No loans on them.

    What happens to personal cars during bankruptcy if paid for?

    Thank you

    #2
    You are allowed normally 1K on one car. Otherwise they could be sold for difference and you get 1K for them. Now if you are going to junk or sell any, put that money towards essentials like food, clothes repairs, etc. that is exempt. 'Hub
    If I knew it all, would I be here?? Hang in there = Retained attorney 8-06, Filed 12-28-07, Discharge 8-13-08, Finally CLOSED 11-3-09, 3-31-10 AP Dismissed, Informed by incompetent lawyer of CLOSED status, October 14, 2010.

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      #3
      "Don't let your wants overload your a**"
      (author unknown)

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