Do I loose my vehicle?

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I am right in the middle of paying off a 2006 Pontiac minivan. If I file for bankruptcy will I lose it if?

Posted on Friday, June 26, 2009 | Filed under: Bankruptcy
 posted by Questions @ 11:22 am 1 Comment
1 Expert Comment:

 At June 30, 2009 | 7:35 am , Bart Goth, Trustee in Bankruptcy Said...

As long as the equity in your vehicle (value less amount owing on it) is less than $5,000 you can normally keep your vehicle. The trick is that it is not up to the trustee in that kind of situation it is really up to the secured lender. They must be willing to allow you to continue to keep the vehicle, now most of them do, but it is their decision.

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