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Im attorney Robert fleshes as part of my practice I handle chapter 7 personal bankruptcies throughout the state of Wisconsin there are some misconceptions about bankruptcy that I hear pretty often what are the misconceptions is about automobiles people ask me if I file bankruptcy can I keep my car the answer is yes however if youre delinquent in payments then youll eventually need to get caught up or the lender will pursue the right to repossess your car even if you have a pending bankruptcy case if you are upside down on your car meaning you owe more than the value of the vehicle bankruptcy gives you the opportunity to return the vehicle without any further liability for repayment of the auto loan but some people really need their car because they dont have the money to replace it even if youre upside down in the vehicle you can continue using it after your bankruptcy case is concluded if you run into a problem and cant make the monthly payments any longer you can return the veh
