Non-Vehicle Cramdown Timing

Wasson and ThornhillSecured Debts

kitchen with appliances

Photo by Clayton on Unsplash. Cramdown is often used as a tool to lower monthly payments and the total paid on vehicle loans. This tool also works with other collateral. We’re in a series of blog posts on the best timing for your filing of your bankruptcy case. Last week we got into timing the cramdown of a vehicle loan. … Read More

Furniture Loan: Reaffirm or Cramdown?

Wasson and ThornhillSecured Debts

Here’s an example of when it’s better to reaffirm or cramdown a furniture/appliance loan, to use a Chapter 7 case or a Chapter 13 one.   Last time we showed how cramdown on a vehicle loan can reduce the payments and the total amount you pay. The amount you save monthly and in total may be enough to justify filing … Read More