BK and car
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Posted by angie
(172.199.85.101) on September 19, 2003 at 11:22:27:
I've searched some BK sites and could not find any info on what I need to know. I'm filing for BK and am trying to offer a settlement for my car for its cash/trade-in value of 6K. If I end up having more equity in the car than I'm allowed to keep (CA law), then what would happen? Will the courts take the car and sell it? If I get the price I'm shooting for, I would end up with about 6K (retails for 12K) equity in it (although it's not running right now). Thanks in advance!
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