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| Author: |
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Tracy |
| Date: |
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February 10, 2005 |
| Question: |
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I am a single mother of two (ages 11 and 8), I am considering claiming bankruptcy, I am concerned I will not be able to keep my vehicle. I earn $26,000 anually, my debt is roughly $22,000 not including what is left on my car. My car is valued at est. $18,000 with est. $12,000 left owing. Is there any way I can claim bankruptcy and still keep my car? Thank you.
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From: |
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Shane Brenneis, Alger & Associates Inc. |
| Date: |
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February 10, 2005 |
| Answer: |
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Most lenders will allow you to keep paying on your vehicle as long as
you are up to date when you file. There are some restrictions so you
should speak to a Trustee regarding your particular circumstances.
Shane Brenneis
phone: (403) 296-2975
sbrenneis@alger.ca
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