You can keep a lease depending on the vehicle and payment. If you have a very high end car with a large monthly payment, the trustee might object and require you to surrender the lease.

Answer Applies to: California
Replied: 8/26/2010

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If a car is leased it means that you don't own it and it is not an asset. As long as you are current on or around the time of filing, you can assume the lease for the remaining period of time left on the lease.

Answer Applies to: Arizona
Replied: 8/26/2010

Disclaimer: The response above does not form an attorney-client relationship. This answer may or may not apply to you and should not be relied upon as legal advice. LawQA does not make any representation as to the expertise or qualifications of this attorney. This attorney may or may not be admitted to state bar of your state.

Obligations on a car lease are definitely discharged in a bankruptcy case. You can do a lease assumption on a vehicle, but usually it's just best to continue making the payments on the lease, then turn it in at the end of the lease with no further obligation.

Answer Applies to: California
Replied: 8/25/2010

Disclaimer: The response above does not form an attorney-client relationship. This answer may or may not apply to you and should not be relied upon as legal advice. LawQA does not make any representation as to the expertise or qualifications of this attorney. This attorney may or may not be admitted to state bar of your state.