• Spectacular!

    I liked your fast, friendly service. You were all knowledgeable in the area of bankruptcy. Your treatment of me as a client was spectacular! You were great at promptly responding to my questions and concerns. I loved that you provided courteous and quick responses to all my questions.
    --Donna
  • Highly Recommended!

    I have worked with Seth and he is the utmost professional in how he works with his clients. If you need an attorney you can trust I would highly recommend the Law Office of Seth Hanson.
    --David
  • Very Professional.

    Everyone was very professional and efficient. Seth, and everyone that I had contact with were very knowledgeable. I was very pleased with how we were treated by his staff. My questions were always answered promptly. I was very pleased with the service I received and would not hesitate to refer someone to your firm.
    --Anonymous
  • Non-judgmental.

    You were very open and answered all of my questions. You never made me feel like I was asking a dumb question. I was comfortable with your knowledge of the law. It was hard for me to make this decision to move forward in my life. Everyone was friendly to me and respectful. Non-judgmental. Every question I asked was answered promptly and appropriately. I would recommend you.
    --Anonymous
  • More Than Expected!

    I found the firm's representation to be more than what I expected. I was always kept in the loop, all my questions were answered (whether or not I asked more than once the same question), and I felt completely supported by the firm staff when going through this (at times) scary ordeal. Thank you again.
    --Joanna
  • Very Impressed!

    I liked that you had very friendly, caring staff. You were all very knowledgeable. Your treatment towards me was excellent and you quickly responded to all my concerns. If a friend asked of your overall impression, I would say that we were very impressed and we would recommend you to them.
    --Danielle

What Will Happen To My Car When I File Bankruptcy?

If you own your vehicle outright, then you have nothing to worry about so long as the value of your vehicle falls under the cap for the vehicle exemption. This cap is $5,350 if you use 703 exemptions and $3,050 if you use 704 exemptions (See my post on 703 vs. 704 Exemptions). If you’re like most of my clients and are making car payments, then the kind of bankruptcy you file will determine how your car will be affected.

Chapter 13

Cars are rarely an issue in a Chapter 13 bankruptcy. Your car loan is merely another debt to be paid through your Chapter 13 plan. So, you’ll get to keep your car as long as you stick to your Chapter 13 plan.

Chapter 7

If you owe on your car and you’re filing a Chapter 7, you’ll have to decide if you want to surrender the vehicle or keep the car and continue making payments. You have to let the court know your intention by completing a form called the Statement of Intention for Individual Filing Under Chapter 7. If you want to walk away from your vehicle, then you just check the box on the Statement of Intention indicating that you surrender the vehicle.

If you’re looking for a bankruptcy attorney in the Fairfield area, feel free to give us a call to schedule your free consolation.

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