Can I Keep My Car?

If you really need your car, whether it is for work or family commitments, will you still be able to keep it if you declare bankruptcy? The answer in most cases is YES. If your vehicle is currently financed and you can stay up to date with the repayments, it is quite likely that you can keep your car.

If you own the car, you can own a car up to the wholesale value of $8,000. If you are in a somewhat different situation or would like to know more about your own particular circumstance, it is best to give Bankruptcy Experts Australia call on 1300 795 575.