Find the best financial services for you at: SMARTFINANCESOLUTIONS.NET - Is my car exempt from ch 7 bankruptcy? - my mom purchased a used 2002 nissan altima ($6,995 for me). I now have to file for a ch 7. i rent an apartment. my question is.. is my car exempt from the ch 7 and if not would the homestead amount be applied to cover the car since i rent and do not own a home? I live in pa -