Wednesday, January 21, 2015

File Bankruptcy and Keep Your Car.


Most people who file for a Chapter 7 Bankruptcy, in Grand Rapids and West Michigan, are able to keep their vehicle.  In Michigan, people who file for Bankruptcy can file for Bankruptcy (Chapter 7 or Chapter 13 Repayment Plan) and exempt, by using federal law or Michigan law, a portion of the equity in their car.  Generally speaking, most people who file for Bankruptcy keep their vehicles.