top of page

I have a car that I owe about $3,000 on, but its value is probably around $14,000 to $15,000. I'm currently unemployed. If I were to declare bankruptcy, is it possible that a trustee would refuse to sell it back to me because I'm unemployed? What's the worst-case scenario?

The trustee will assess your vehicle and ask you to pay its value, less the amount owed.

Normally, the payment will be made in installments to allow you time to meet with them. If you absolutely cannot make the appointment, you may have to surrender your vehicle to the trustee.

Questions reliées

bottom of page