If you’ve received a request to update the intention for your car, please update the vehicle portion of your questionnaire by choosing one of these options:
- Keep the car and redeem it by paying its current value. Read How to redeem your car? for more on how this works.
- Keep the car and reaffirm the loan by agreeing to keep making the payments Read Reaffirmation Agreements for more on what this means.
- Keep the car by continuing to make your payments (ride through). Read Why do reaffirmation agreements exist? on what this means and why this option is not available in all states.
- Give the car back (surrendering the car) Read What does it mean to surrender your car in bankruptcy? for more information on this option.
For more information on keeping a car when filing Chapter 7 bankruptcy, check out Can I Keep My Car If I File Chapter 7 Bankruptcy in 2021? in our Learning Center.