Michigan Bankruptcy Blog

What Is My Car Worth In Bankruptcy?

What Is My Car Worth In Bankruptcy?

What Is My Car Worth in Bankruptcy? NADA vs. Kelley BlueBook Values Car Value in Bankruptcy: When Does It Matter? In a large number of Chapter 7 bankruptcy cases, the value of a vehicle only matters if you own the vehicle free and clear of any car loan lien, or if you have nearly completed your payments are nearing the point of owning it free and clear. Cars depreciate fast, and they rarely outpace a lien amount ...

Posted on October 5th, 2016 by John Hilla - Michigan Bankruptcy Attorney in Michigan Bankruptcy

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