Overhaulin'

In New Jersey what will happen if I have a car loan and I file for chapter 7 bankruptcy?

I was just approved for a high interest loan to purchase a car but I dont want to get the car if it will affect tha bankruptcy and I know that I can only keep a certain amount of assets and Im told my 13k escrow account will be free and clear since its less than the maximum.

Public Comments

1. If you bought the car in the last 18 calendar months you must pay for it anyway.