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 Vehicle Loan
A Chapter 7 case makes sense if you want to keep your vehicle and don’t need much help doing so. Chapter 13 provides much more help. In deciding between Chapter 7 and Chapter 13, for your vehicle loan is concerned, think about the two sentences above. First, you don’t need ... Read More »
Reaffirming Your Vehicle Loan through Chapter 7 Bankruptcy
Earlier this month we wrote about the three kinds of debts—secured, priority, and general unsecured. Today we get into secured debts, ones in which something you own secures the debt for the creditor. We start with vehicle loans. Specifically, in a Chapter 7 “straight bankruptcy” ... Read More »
A Fresh Start on Your Vehicle Loan through Chapter 7 “Reaffirmation”
A reaffirmation agreement makes you still liable on your vehicle loan so you can keep your car or truck after writing off your other debts. The Problem Is it a struggle to make your car or truck payments? Have you been late on the payments and worried about your vehicle getting ... Read More »
Mistakes to Avoid–Surrendering Your Vehicle or Getting it Repossessed
Bankruptcy can save your truck or vehicle various ways. Enable you to pay for it by wiping out other debts. Or even likely pay less for it. The Pleasant Surprises of Bankruptcy Most of the time people go to see a bankruptcy attorney they are pleasantly surprised by what options are available ... 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 »
