Quick answer
It depends on equity, exemptions, loan status, the chapter, and how the secured debt is handled.
Do now
Obtain the loan contract, payoff, payment history, title, and a reasonable vehicle value. Ask about exemptions and the consequences of surrender, redemption, reaffirmation, or plan treatment where available.
Watch for
A discharge of personal liability does not automatically remove a lender’s lien. Reaffirming can create continuing personal liability; do not sign merely because a lender sends a form.
Official sources
US Courts — Chapter 7 Basics, US Courts — Chapter 13 Basics, US Courts — Discharge in Bankruptcy, US Courts — Bankruptcy Glossary.
