Monday, November 7, 2011

I am about to file Ch. 7 bankruptcy and need to buy a car without a loan. Will I get to keep it?

This will sound like I already have the answer, but I just want to be sure. I live in MN. The motor vehicle exemption looks to be $4400. I have no car right now. I'm going to bay cash ($5000) for a car that blue books at $7000 retail. A good move, but not if I will get it taken away. I will consult an attorney, but wonder if anyone out there knows. Thanks

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