PriceProtect™
DriveShield™
GarageGuard™
Services
Insurance
Car Insurance
Compare Car Insurance with Jerry
Jerry’s Expert Advice
Car Insurance Estimates
Home & Renters Insurance
Renters Insurance
Repairs
Car Repair Estimates
Repair Estimates for Popular Services
Advice
Read Car Content
Browse Jerry Car Advice
Check Out Expert Car QnA
Learn About How We Create Content
Jerry Data & Research
Do I have to give my car back if I declare bankruptcy?
Do I get to keep my financed car if I file for bankruptcy? I might have to file for bankruptcy, but I'm not exactly sure what will happen if I do.
Eric Schad · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
“In Chapter 7 and Chapter 13, you usually keep your financed assets, provided you work out a payment plan with your creditors.
In the case of your vehicle, you can probably keep it, as lenders are willing to work with you to get some money rather than having to repo the car and sell it at auction.
Call your lender ASAP to see what their protocols and policies are on bankruptcy.”
View full answer
- Gregory R.
WHY YOU CAN TRUST JERRY
Jerry partners with more than 50 insurance companies, but our content is independently researched, written, and fact-checked by our team of editors and agents. We aren’t paid for reviews or other content.
Join 4M+ members in lowering their car insurance
You Might Also Be Interested
Read Advice From Car Experts At Jerry
What Others Are Asking
Browse More Content
Insurance in Your State
Easiest way to compare and buy car insurance
No long forms
No spam or unwanted phone calls
Quotes from top insurance companies