If I file bankruptcy, can I keep the vehicle?

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If I file bankruptcy, can I keep the vehicle?If I file bankruptcy, can I keep the vehicle?

I recently financed a new vehicle but have found the payments to be way too much to keep up (I had a vehicle, then traded it after 8 months, then traded that one after 6 months). If I file bankruptcy, can I keep the vehicle? I also have some other debts, old credit card, payday loans, and a big utility bill. I am in WAY OVER my head and need help! Thanks.

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When you claim bankruptcy you will be able to keep your car if the equity is within the exemption for a motor vehicle as set out by your province.

You can speak to a trustee to learn more about how going bankrupt can help you with getting out of debt. You can find a local trustee at:

https://bankruptcycanada.com/trustees1.htm

– Trustee

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