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Leased auto – status in bankruptcy

I owe $50,000 in credit card debt and can not meet the minimum payments any more. I know bankruptcy is an option for me. My question is, can I include a leased automobile in a bankruptcy? My payments are too high and it is a lemon.

This entry was posted on Wednesday, August 30th, 2006 at 2:05 pm by Questions and is filed under Uncategorized. You can leave a response, or trackback from your own site.

One Response to “Leased auto – status in bankruptcy”

  1. Bruce Gandossi says:
    August 30, 2006 at 2:20 pm

    If you are going to file for bankruptcy and have a leased vehicle that you cannot afford, you can stop making payments and return the vehicle to the lender. If there is a shortfall this will be included in in your bankruptcy.

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