Keep Your Vehicle by Reducing Loan Payments through Cramdown

Wasson and ThornhillVehicle Loans

Chapter 7 reaffirmation requires you to make full monthly vehicle payments. Consider reducing loan payments through cramdown in Chapter 13.   The last two blog posts have been about keeping your vehicle in a Chapter 7 case. Two weeks ago was about the benefits of reaffirming the vehicle’s loan. Last week was about possible ways of keeping the vehicle by … Read More

Examples of When to Reaffirm a Debt, When to Use Chapter 13

Wasson and ThornhillSecured Debts

Here are examples of when to reaffirm a secured debt (like a vehicle loan) in a Chapter 7 case or instead use a Chapter 13 case.   The last blog post was about when to reaffirm a secured debt under Chapter 7 and when to handle that under Chapter 13 instead. This kind of comparison of options can get a … Read More