Temple, TX Bankruptcy Law Firms & Lawyers

Questions about keeping a car are the most common concerns that people have when considering bankruptcy. Cars that are financed are seldom at risk of being taken away by the bankruptcy process (unless the equity in the vehicle is very large), but the car can be repoed by the finance company if you don't make the payment and if you don't reaffirm the vehicle loan. In Nevada, your vehicle would need to have equity of more then $15K to be at risk.

If you need to amend to add a creditor, you would amend either Schedule D, E, or F and you would need to amend the mailing matrix. Exactly which schedule you need to amend will depend on the type of debt you are adding to your bankruptcy. For example, if it is a loan secured by your home, a vehicle loan, or a large purchase on a store credit card, it probably is a secured debt that goes on Schedule D. If it is a tax, child support or alimony or unpaid wages, then it probably is a priority debt that goes on Schedule E. Other debts go on Schedule F.