Pennsylvania Bankruptcy Questions and Answers
Question: Will I be able to retain my vehicle if I file bankruptcy?
Answer—> Yes. The law has specific provisions permitting debtors to retain vehicles. If you have an automobile loan, you will simply need to continue making your loan payments.
Eastern Pennsylvania Bankruptcy FAQ’s
May I surrender a house or automobile in bankruptcy?
Yes. Bankruptcies are often used by individuals who are losing or have lost their home in foreclosure, or have had vehicles repossessed. The bankruptcy will discharge any remaining debt on the mortgage and/or auto loan. If you are currently living in a house which you would like to surrender, you may be able to remain in the home until the Sheriff’s sale, which likely won’t be held until many months after you stop making mortgage payments.
—> Read More Stroudsburg PA Bankruptcy FAQ’s
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