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Author:		R. Lukas
Date:		May 25, 1999
Question:		I have been unemployed for about 3 months. My bills have fallen behind and I was thinking about declaring bankruptcy. What happens to my car which I am currently still paying off? Can they take that away from me? Also, what is the difference between chapter 7 and chapter 13?
From:		Shane Brenneis, Collins Barrow Limited
Date:		May 28, 1999
Answer:		Chapter 7 & 13 are US terms. In Canada, you would be looking at bankruptcy or a proposal. With respect to your vehicle, a secured creditor is not affected by the bankruptcy and they can either take the vehicle or allow you to continue to make payments. You should contact a Trustee in your area to attend a free assessment of your financial situation. If you have any further questions or want to come in for a free assessment, please call or email me using the information below. Shane Brenneis (403) 298-1575 sbrenneis@collinsbarrow.com