E is for Equity - JD Supra (press release)

E is for Equity
JD Supra (press release)
Likewise, if you have a car that is worth $15000 but you still owe $10000, you can still keep the car in your bankruptcy because you only have $5000 in equity – or $5000 of the car that you actually own. If you need to file a Chapter 7 bankruptcy, ...