Auto & Chapter 7.
My car is paid for & I am wondering this. When the day comes to go to court, can the judge make me sell my car? I live in Connecticut. I also borrowed money from my savings plan at work. If I fail to pay back it back, the money will be reported to the IRS as taxable income. I do not want to include that if I file. Any help is appreciated. Thanks.
If you cannot exempt your car and there is significant equity in it, the Trustee can sell it and distribute the proceeds to your creditors. You are required to list *all* debts in your bankruptcy; there is no prohibition, however, against paying a debt you want to after your discharge.
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