Can I get out of a car lease while in bankruptcy?
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Posted by jacqui73 (220.127.116.11) on November 10, 2003 at 00:02:37:
We filed for bankruptcy in May of 2003 (in Canada). We kept our leased vehicle. Now we have come to the realization that we can't afford it either. It is a 4 year lease which ends in 2006. We talked to the dealer and we owe $25,000 and they are only selling for about $18,000 right now. I realize now that we should have given the vehicle up in the bankruptcy. Is there any way to get out of the lease?
Thanks for your help.
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