53. Can I keep my car?

Generally yes. You can keep your automobile if you remain current with your car payments and the vehicle does not have more equity than the exempt amount. This means the amount of money you would receive if you sold your car would be more that the above mentioned exempt amounts after you paid off your loan on the car.

Also, if you want to keep your vehicle, you must continue to make your car payments after you file bankruptcy and keep the insurance in force.

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California Bankruptcy Exemptions