Do you lose your car if you file bankruptcy?
In the majority of cases, you will not lose your car if you file bankruptcy. If you don't still have car payments... If you own your car free and clear of any loans against it, you can likely protect it by an exemption. Exemptions are usually provided by state law and are amended from time to time to keep up with inflation. The practical effect of an exemption is that it prevents the bankruptcy trustee from selling your property unless they can pay you the full amount of th