How to file bankruptcy and keep your car.
How to file bankruptcy and keep your car.
YES! With enough planning, you should be able to keep your car when filing bankruptcy in Nevada. A person should figure out if it’s a good idea to keep their car when filing for bankruptcy in Nevada. You can protect up to $15,000 worth of equity in a vehicle in Nevada. Thus, keeping your vehicle when filing for bankruptcy is possible as long as the equity a person has in the vehicle stays below the Nevada bankruptcy exemption*.
* Nevada Bankruptcy Exemption for a Vehicle
Looking at the Nevada Bankruptcy Exemptions, exemption 21.090(1)(f) - Allows you to exempt (protect) a Motor vehicle in Nevada up to $15,000.