Rhode Island Bankruptcy Information Center

Bankruptcy Law Blog of Former RI Chapter 7 Trustee David Hathaway

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Can you file bankruptcy but keep your car or truck?

January 12th, 2009 · No Comments

Yes, in many cases you can. In Rhode Island, you can keep vehicles you own outright up to $12,000 under the state’s “motor vehicle” exemption. Even if your vehicle is worth more, you could potentially hold on to a vehicle valued up to $17,000 by also claiming the state’s $5,000 “wildcard” exemption.
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Tags: RI bankruptcy exemptions · chapter 13 · chapter 7 · rhode island