The truth is that the trustee CAN and WILL sell your vehicle - even it is the only method of transportation you have - IF the vehicle is not exempt (protected by bankruptcy law). Normally, and I can only guess that perhaps this is what bubbagirl meant, vehicles are not sold simply because there’s either a lien against it or the value is low enough that the exemptions cover the value. Whether or not it is your only vehicle or only method of transportation has no bearing on the trustee’s decision to sell it.
Best thing to do, if you have questions about your financial situation, is to seek legal advice. While the web can be a powerful information tool, there is a lot of misinformation and myths out there. If you do take the risk and seek information on the web, you have to ask yourself the following questions:
- Is the information credible? What’s the source of the information? Is it from an attorney that has a background and experience in the field? Does the information appear to be consistent from various, reliable sources? Be cautious of who is providing the information. A username like bubbagirl should cause you to second guess the reliability of the information.
- Is the person providing information or advice? Never ever seek advice off the web. Information is one thing but advice is another. What’s the distinction? Information is general details about the law, process or what could happen in a situation. Advice is a specific assessment or recommendation. Advice should only ever be given by a qualified professional after he or she has heard the facts and analyzed your situation. In law, and definitely in bankruptcy law, the outcome of a situation greatly differs depending on the facts of a case.
My rule of thumb is this: use the web to get initial information, but for advice about your particular situation, talk to a professional.