Question: What will happen to my new car if I go bankrupt in Ottawa? Will I lose my car?
What will happen to my new car if I go the proposal way. Will I lose my car?
If there is a loan against the car equal to the value of the car, the trustee will not take your car. It will be up to the lender to decide whether or not they will allow you to keep making payments on the car, so you can keep the car.