Better Students Ask More Questions.
What options with a car (in Florida) when you could not make the payments,still...
1 Answer | add yours
Elementary School Teacher
If you want to keep the car and have too much debt to handle the payments, you can file Chapter 13 bankruptcy. This type is for people who have mortgages or other loans they would like to bring current. It works to help them keep their homes or other property by eliminating some debts and consolidating others.
If you do not want to keep the car, Chapter 7 Bankruptcy can absolve you from all financial obligations.
Posted by rebekahjlewis on November 7, 2008 at 11:54 AM (Answer #1)
Join to answer this question
Join a community of thousands of dedicated teachers and students.