Pinckney, MI Bankruptcy Law Firms & Lawyers

You own one-half interest in the car and the bankruptcy estate basically owns the other half. So, if over and above the lien of the car loan, there is equity, one half belongs to the bankruptcy estate and the other half belongs to you (inferring the fact that she won't use her exemption to save your car). So, yes if the car is worth more than the loan, there is a good chance the trustee will sell the car and split the profit with you. Alternatively you may make a deal with the car for his half and assume the car loan.

Potentially, I have someone will lend you money. Generally, creditors are not interested in advancing significant amounts of money to people who have just bankrupted unless it is on particularly difficult and expensive terms, not to mention well secured.