Car Leases and Bankruptcy

A free guide for Missouri/Kansas residents considering bankruptcy. Filed in W.D. Mo. / D. Kan..

What You Need to Know

You have 60 days after filing to decide whether to assume (keep) or reject (surrender) your car lease. If you are current on payments, you can typically keep the lease by assuming it. If behind, rejection discharges the remaining obligation. Lease buyout may be an option if you want to own the vehicle.

Filed in W.D. Mo. / D. Kan.. Courthouse: 400 E. 9th St, KC MO / 500 State Ave, KC KS.

Frequently Asked Questions

Car Leases and Bankruptcy

You have 60 days after filing to decide whether to assume (keep) or reject (surrender) your car lease. If you are current on payments, you can typically keep the lease by assuming it. If behind, rejection discharges the remaining obligation. Lease buyout may be an option if you want to own the vehicle.

Does this apply in Missouri/Kansas?

Yes. This applies to W.D. Mo. / D. Kan.. Local trustee practices may vary. Consult a qualified attorney.

Where is the courthouse?

400 E. 9th St, KC MO / 500 State Ave, KC KS.

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