Personal Bankruptcy Chapter 7 and Assets: Cars with an Outstanding Loan

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InDebtNeedHelp

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If I file for Chapter 7 BK, what would happen with the following car:

1. Payments are caught up/current
2. Paid $18,000 for the car
3. Owe $10,000 on the car
4. The car is now worth $9,000

MO law says there is a motor vehicle exemption for up to $3,000.

Thanks,

InDebtNeedHelp
 
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