Vehicle Loan: Reaffirm or Cramdown?

Wasson and ThornhillVehicle Loans

Here’s an example of when it’s better to reaffirm or cramdown a vehicle loan, to use a Chapter 7 case or a Chapter 13 one.   We’re in a series of blog posts about choosing between Chapter 7 “straight bankruptcy” and Chapter 13 “adjustment of debts.”  Along these lines two blog posts ago we outlined when to reaffirm a secured … Read More

Chapter 7 vs. Chapter 13

Wasson and ThornhillBankruptcy Options

Sometimes it’s obvious which of the two consumer bankruptcy solutions is right for you. But not always. You might be surprised.