| Author: |
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salesman |
| Date: |
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May 30, 2001 |
| Question: |
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I am in sales and as such have a leased vehicle. What happens to this lease vehicle when I file for bankrupcy,as the vehicle is needed in oder for me to earn a living?
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From: |
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Ann Clarke, Collins Barrow Limited |
| Date: |
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May 30, 2001 |
| Answer: |
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Bankruptcy deals with unsecured creditors. Your lease is a secured debt and can usually be continued and the vehicle kept, provided the leasing company allows you to do so.
Ann Clarke
phone: (403) 296-2972
aclarke@moneyhelp.ca
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