Will I be Able to Keep My Leased Car During Bankruptcy?


The answer is yes. However, certain conditions are going to apply. If the leasing company agrees, you can keep a leased vehicle if you continue to make your lease payments.  Many leasing agreements contain a clause that states that “in the event of insolvency, the leasing company can terminate the lease, and repossess the vehicle”. Legally, they can repossess the vehicle, but they usually prefer to get ongoing lease payments. Your leasing company is a secured creditor and they will hold your car as security.  If you are experiencing financial issues, it could be because your expenses are too high each month. We highly recommend that you speak with a Licensed Insolvency Trustee for some advice.



If you are overwhelmed with a financial crisis, J.P. Graci & Associates Ltd can help! Call us now at 519-753-7361.



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When I called JP Graci and Associates, I was completely devastated. I was living in financial chaos and I was barely able to make the ends meet. Desperate, I started to borrowing money from Payday loa...

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My decision to declare personal bankruptcy was a very stressful one. I wanted the end result to teach me about money and how to become a better money management. The team at JP Graci was encouraging ...

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The staff were lovely and incredibly helpful. They were empathetic with my stress from the bankruptcy. They also gave great advice on my credit recovery. Thanks especially to Paul for his service and...

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HI Paul. Once very long ago my husband used your services, thank you ... you helped him get his life back on track. I work with mortgages. At times I help my client settle with creditors to get them b...

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The team at JP Graci has always been very helpful, having this company help me get out of massive credit card debt has made my life so much better! All I know is that its very easy to get into debt wh...

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