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Debtors may sometimes keep their cars in bankruptcy

People in Maryland who are struggling to pay down their debts may have considered filing for bankruptcy protection. Doing so will trigger an automatic stay of collection actions and may result in the reduction or elimination of debts. It might also mean giving up assets, though, and many people fear losing assets that they need to earn money, like a car. In many cases, it is possible for someone to file for bankruptcy and still keep his or her car.

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