In most cases you should be able to keep your motor vehicle, However –

October 24, 2011

There are a number of important considerations:

  • What is the value of your car?
  • Do you own, the car outright or are paying off a car loan?Kia Spectra
  • If you are paying off a loan, how much is left?
  • Do you have more that one vehicle?
  • Is it used for business — not counting driving to work and back?
  • Are you current on your payments or are you in arrears (behind in your payments)?
  • Would it be better for you to just surrender the car?

The answer to these questions can help us decide whether your needs are best served by the simpler Chapter 7 bankruptcy, or if it would be better for you to be in a Chapter 13.

I will address these issues as they apply to motor vehicles in Louisiana in future posts. But until then if you do have any immediate needs please feel free to call my office. As always, your first appointment will be for a free consultation.


The law office of Steven J. Hunter is a debt relief agency. I help people file for bankruptcy relief under the Bankruptcy Code

Full Legal Disclaimer

What is bankruptcy?

Bankruptcy is a right provided by law to people who are deeply in debt and in need of a fresh start. Bankruptcy will discharge many of your debts and you will not have to pay them, except that mortgages and other liens may still need to be paid if you want to keep the secured property.

See Beginner's Bankruptcy above