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Will Transferring Your Car out of Your Name before Filing Bankruptcy Save it? Will Transferring Your Car out of Your Name before Filing Bankruptcy Save it?

Many people falsely assume that their car will automatically be taken away when they file bankruptcy, and that they won't be able to get an auto loan after bankruptcy for 7-10 years. Because of this, some people think that transferring the car out of their name before filing bankruptcy will save it from being liquidated. The truth is, not only does this not help you keep the car, but it can also be considered bankruptcy fraud.

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