Cotulla, TX Bankruptcy Law Firms & Lawyers

You can file Chapter 13 which will require you to make payments to your creditors for 3 - 5 years under a plan you propose and the court approves, but you won't qualify to file another Chapter 7 until 8 years after your previous case was filed (assumiing that it went well and you received a discharge).

Provided you can afford to make the payments and your equity, assuming there is any, in the car fits into one or more of 3 possible exemptions (depending on other facts) you can continue to pay & keep. There may be options such as: redemption, reaffirmation and surrender. Which one makes sense will depend on other facts not disclosed. Please don't rely on answers here in making a decision whether to file for bankruptcy. Even with the information you provided there are other considerations such as income & living expenses, perhaps there are some other assets you haven't even thought as assets, how much in medical debt you have & whether there may be a way to settle the medical debt outside of bankruptcy, etc. and other things to think about in figuring out whether filing bankruptcy makes sense for you and what results you can expect.