MenuCars and Repossessions
Cars are important assets for people in North Carolina, and car loans are often major debts in a household. Chapter 13 bankruptcy offers means to stop repossession and make car loans more affordable. When a car is paid-off, North Carolina law provides exemptions, including a Motor Vehicle Exemption and a Wild Card Exemption, that can protect a car through a chapter 7 or chapter 13 bankruptcy.
