Can I sell or trade a car that i re assumed thru bankruptsy

Asked 10/6/2009 under Bankruptcy | 372 View(s) | More Legal Topics

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Terri Brown / Terri L. Brown, Attorney Answered 2 years ago | Contributor with 0 answers This attorney is licensed in Georgia

Only, if your bankruptcy has been discharged, dismissed or otherwise closed.  If not, you should talk to the trustee.  If so, it can be treated as any other car loan - if you sell it, you must pay the proceeds to the lienholder and then you may still be liable for the difference. 

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