Can you file for bankruptcy and still keep your vehicle?  Maybe.  There are a few ways to go about this.  One way is by “reaffirmation.”  If you have a car loan, you can complete an official reaffirmation form, along with the creditor.  The form provides the amount you owe and the terms of repayment.  In effect, a new loan is created and you get to keep your vehicle as long as you stay current.  Not only that, but you may be able to negotiate more favorable terms in the new reaffirmed loan!  This could include lowering the amount owed, lowering your monthly payment, or lowering the interest rate.  Call Rolsma Law Firm for more information on ways that you can keep your vehicle while benefiting from the debt relief you can obtain through bankruptcy.