Ready to say goodbye to student loan debt for good? Learn More
X
2020 Best Invention

Why doesn't my car appear on my exemptions list?

1 minute read Upsolve is a nonprofit tool that helps you file bankruptcy for free. Think TurboTax for bankruptcy. Get free education, customer support, and community. Featured in Forbes 4x and funded by institutions like Harvard University so we'll never ask you for a credit card. Explore our free tool


In a Nutshell

There are a few reasons that your car(s) might not be listed on your exemptions list.

Written by Kristin Turner, Harvard Law Grad
Updated July 22, 2020


There are a few reasons that your car(s) might not be listed on your exemptions list:

  1. You are leasing the car and so do not "own" any equity that needs to be protected from a trustee. You will be able to keep the car as long as your lease-holder allows you to assume it after your bankruptcy.

  2. You owe more than the car is worth and so do not "own" any equity that needs to be protected from a trustee. You will be able to reaffirm, redeem, or surrender the car without using any of your exemption balance. 

  3. You have already used all of the eligible exemptions to cover other cars and/or related items and so cannot protect this particular vehicle. If this is the case, we will let you know so that you know what to expect.



Written By:

Kristin Turner, Harvard Law Grad

LinkedIn

Kristin is a recipient of Harvard Law School’s Public Welfare Foundation A2J Tech Fellowship. At Harvard Law, she served as a member of the Harvard Defenders, the Women’s Law Association, and the Harvard Law Negotiation Review. She was the 2016 – 2017 president of the Harvard Bla... read more about Kristin Turner, Harvard Law Grad

It's easy to get help

Choose one of the options below to get assistance with your bankruptcy:

Free Web App

Take our screener to see if Upsolve is right for you.

Take Screener
12,715 families have filed with Upsolve! ☆
or

Private Attorney

Get a free bankruptcy evaluation from an independent law firm.

Find Attorney

Learning Center

Research and understand your options with our articles and guides.

Go to Learning Center →

Already an Upsolve user?

Read Support Articles →
Y-Combinator

Upsolve is a 501(c)(3) nonprofit that started in 2016. Our mission is to help low-income families who cannot afford lawyers file bankruptcy for free, using an online web app. Our team includes lawyers, engineers, and judges. We have world-class funders that include the U.S. government, former Google CEO Eric Schmidt, and leading foundations. It's one of the greatest civil rights injustices of our time that low-income families can't access their basic rights when they can't afford to pay for help. Combining direct services and advocacy, we're fighting this injustice.

To learn more, read why we started Upsolve in 2016, our reviews from past users, and our press coverage from places like the New York Times and Wall Street Journal.