Bankruptcy And Your Existing Car Loan

Chinese 中文

English Version

破产和您现有的汽车贷款

Car-Money-Insurance- Very often we get this question:  I am a bankrupt and I am servicing an existing car loan, the bank did not repossess the car,   shall I continue to service the car loan?

汽车-金钱-保险-我们经常遇到这个问题:我是破产人士并且我正为现有的汽车贷款还贷,银行没有拖车,我应继续为汽车贷款还贷吗?

If a person is made bankrupt in the year 2016 and the car loan has been running since 2015 for 5 years, the catch is that once you have finished servicing the car loan in year 2020, you will not be able to “enjoy” the proceeds from the sale of that car.    All properties of the Bankrupt will vest (belong) to  the Director General of Insolvency.

如果一个人在2016年破产,但自2015以来已经偿还汽车贷款长达5年,一旦您在2020年完成了汽车贷款的还款义务,您将无法“享受”从该车辆销售中的收益。破产人的所有财产都将转入(归属于)破产管理总署。

A more practical approach is probably to sell the car once the person is made a bankrupt and give the balance proceeds of the sale after paying the bank to the Director General of Insolvency.

The Bankrupt may continue to work, and his employer may of course, depending on the circumstances and requirements of the job, provide him with a car.

For application of discharge and annulment please click here.

另一个更实际的方法或许是该人士在破产后将汽车出售,并在偿还银行贷款以后将出售余额转入破产管理总署。

一名破产人士是可以继续工作,雇主可以,根据工作的情况和要求,为他提供一辆汽车。

对于解除及终止破产身份的申请,请点击这里

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