Comments on: Can I file for bankruptcy? http://www.bankruptcy-edmonton.com/bankruptcy/2008/04/semi-senior.html Bankruptcy Edmonton Tue, 07 Feb 2012 15:47:45 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Barton Goth GCO Bankruptcy Trustees http://www.bankruptcy-edmonton.com/bankruptcy/2008/04/semi-senior.html/comment-page-1#comment-145 Barton Goth GCO Bankruptcy Trustees Thu, 24 Apr 2008 19:06:17 +0000 http://www.bankruptcy-edmonton.com/bankruptcy/2008/04/semi-senior.html#comment-145 You can definately file for bankruptcy, but in terms of what will hapen to the vehicle and the trailer will depend on a) how much the vehicle and trailer is worth, and b) whether there is any loans against the vehicle and trailer. If you have a loan against the trailer and vehicle typically you need to have the bank's permission to retain the property. When secured loans are involved the only way you can retain the property is if you continue to make the payments on teh secured loans and the bank permits you to keep the property. You can definately file for bankruptcy, but in terms of what will hapen to the vehicle and the trailer will depend on a) how much the vehicle and trailer is worth, and b) whether there is any loans against the vehicle and trailer.

If you have a loan against the trailer and vehicle typically you need to have the bank’s permission to retain the property. When secured loans are involved the only way you can retain the property is if you continue to make the payments on teh secured loans and the bank permits you to keep the property.

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