Bankruptcy protects your vehicle and helps you deal with your vehicle’s debt in many ways. Here are 13 of them. 1. Is your vehicle free and clear of any debt? That means it could be exposed to seizure by creditors for payment of their debts. Protect your free and clear vehicle(s) by ... Read More »
Chapter 7 vs. Chapter 13 and Your Personal Property Collateral
How does consumer bankruptcy protect the furniture, computer and such that you bought on credit? Most people’s big worry about their collateral-secured debt is about their vehicle loan and/or home mortgage. So, appropriately most decisions about whether to file a Chapter 7 ... Read More »
A Fresh Start on Your Vehicle Loan through Chapter 7 “Redemption”
You may be able to keep your vehicle for less money by “redeeming” it—paying its present fair market value instead of the full debt. If you owe much more on your vehicle than it is worth and absolutely must keep this vehicle, you may greatly benefit from a fresh start on ... Read More »
Giving More Thanks for Chapter 7 “Straight Bankruptcy”
Here are more features of Chapter 7 worth knowing and taking advantage of. The day before Thanksgiving we talked about the following features of “straight bankruptcy”: 1) The “Automatic Stay”: The IMMEDIATE stopping of virtually all collection actions against you and ... Read More »
Making Sense of Bankruptcy: How Secured Debts are Treated in a Chapter 7 “Straight Bankruptcy”
Bankruptcy pays a lot of attention to and can help you deal with your secured debts in many favorable ways. Here’s today’s sentence that we’re explaining to help you understand bankruptcy: Filing a Chapter 7 case gives you some truly important benefits for dealing with your ... Read More »
