Chapter 7 Bankruptcy - Will I Lose My Car? (Reaffirmation)

A common question when filing for Chapter 7 Bankruptcy is whether you can keep your car. In this video Lawyer John Skiba shares with you the process for keeping your car in Chapter 7 Bankruptcy and why it might be a bad idea to reaffirm your car loan.

🔥📆 Book an appointment to speak with John: (Arizona Residents Only) [phone].

▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬

MORE ABOUT JOHN SKIBA
John Skiba is a bankruptcy & consumer protection attorney in the state of Arizona.

John helps clients with chapter 7 bankruptcy & chapter 13 bankruptcy for Arizona residents.

🌵🌵🌵🌵🌵 ARIZONA RESIDENTS ONLY: If you live in the state of Arizona and need help with a junk debt buyer lawsuit or need to file bankruptcy I can help you directly.

John offers informational products and strategies for consumers facing serious debt problems - particularly those being sued by junk debt buyers like Midland Funding, Portfolio Recovery Associates, Cavalry SPV, and many more.

[germanpogostick]

Thanks for letting me know all the details on this topic, I’m glad to know where on my priority list reaffirming my car loan sits compared with, as well as how to file for it effectively. Another person who covers this topic pretty well is Joe, I’d love to see you collab with him

[kulturalvibezteam]

Very good information because my car is discharged but I make payment and I still have it

[Temerario]

Thank you for taking the time to make this video it helped me.

[northstarhawaii]

Thank you John for your great content. I really appreciate :) Have a wonderful day!

[epithanyreighn]

I appreciate all your videos, They are very helpful.

[TroubledLoner]

Thank you but you didn't address cross-collateralization clauses. Credit Union car loans almost always have that clause. Maybe another video for you to do.

[johnnyguinn]

Yes, that helped very much. Thank you!

[Krystaldoll]

Great video. Thank you. My 27 year old is living in Ohio. Their exemption is $4000 and they have a wild exemption worth $1325 (I think). So my question is she wants to keep her cat but is worried there is some equity they can get. It’s a 2018. Can you start the process and if they want to sell her car can she stop the process?? She has no other valued assets. None. She a college student going to school on grants. She needs her car.

[marlowstanfield]

What if you own the car and its worth more than 6k but you sign the title over to a family member, can they still take it?

[goldengate]

Great work you are doing attorney! If you can evade repossession long enough will an auto lender like Toyota finance file a Replvin to get the vehicle back or will they just keep trying to repossess it until they get it? your comment is appreciated

[claytonelofgren]

Great explanation. Is it exactly 48 months before someone can get an FHA loan after a bankruptcy?

[rhondagenesis]

Thanks for the info....What do they go by when they consider what the value is?

[azrael]

What if I owe 14000 on a car but it's only worth 7, 000

[albuquerqueturkey]

How long does a trustie Hubbard over you during a chapter 7 bankruptcy (How Many Years)?

[janiemiller]

What about leasing a vehicle 🚗
What if you don’t own a car but simply lease your vehicle 🚙??

[banginzaza]

Now what if it's buy here pay here? Same thing?

[conservativeincali]

We own both of our vehicles and they are worth more than the California exemption amount. Would it be better for us to trade them in and get a new vehicle that we’ll be paying on monthly, before we file? Therefore keeping the vehicle we now have a loan on?

[DisneyGlobal.]

If you file a chapter 7 and plan on doing a reaffirmation will they approve it if you’ve never made a single payment on the vehicle?

[RaysBlueBasementWorkshop]

Is the value of a car for the purposes of bankruptcy determined by Kelly Blue Book?

[diamondheart]

Can you please answer my question. Can the gov/courts garnish a paypal account? How does the court garnish from business owners who doesn't get paid wages but earn profits? Have you seen courts go corrupt and violate their own laws to be in favor of the junk debt buyers?