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| Author: |
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Chris |
| Date: |
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January 4, 1999 |
| Question: |
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I'm paying monthly to the bank for a car loan. I
need the car to get to work. Can I keep the car and still pay off the
loan after bankruptcy?
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From: |
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Bruce Alger, C.A., C.I.P. |
| Date: |
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January 5, 1999 |
| Answer: |
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The answer to your question is yes, in most situations similar to
yours it is possible to keep your car. You will normally have to
ensure that you continue making the payments and that the bank is
prpared to continue with the loan. Most banks are prepared to continue
with a secured loan after bankruptcy.
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