Many people lease their car, instead of purchasing it. If you leased your car, you may be able to keep it when you file for bankruptcy. You need to list your car lease on Schedule G, and then indicate on your Statement of Intention if you plan to assume the lease (keep paying the lease), or reject the lease (walk away from the car).
My car is leased. Can I keep it when I file for bankruptcy?
by admin on April 25, 2010 in Bankruptcy in Pennsylvania
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