Are you able to keep your home & vehicles, if you file bankruptcy?
Question by Marine Girl: Are you able to keep your home & vehicles, if you file bankruptcy?
We are up to date on all payments for our mortgage & vehicles. Our truck gets paid off next year & I would hate to lose it. I have 2 children, so I really need my car as well, and we built our home ourselves (like literally, we physically built it) & would hate to lose it. I was just wondering if we would be able to keep this during a bankruptcy?
Answer by Joshua L.
If you have the money to completely pay off something, then you can pay it off and keep it.
If the bankruptcy is stopping you from completely paying something off, it will probably be taken away from you.
Know better? Leave your own answer in the comments!