Does Your Creditor Has a Valid Security Interest?

Wasson and ThornhillSecured Debts

Whether your creditor has a security interest determines whether it has rights against your vehicle or other collateral. Find out for sure.   Reaffirmation vs. Cramdown The last four blog posts have compared Chapter 7 reaffirmation with Chapter 13 cramdown of a secured debt. With reaffirmation you keep the vehicle or other collateral but continue to owe the debt. Usually … Read More

Qualify for Chapter 13

Wasson and ThornhillChapter 13

You can file a Chapter 13 case if you are an “individual,” have regular income,” and don’t owe too much.

Disputed Lien in Chapter 13

Wasson and ThornhillChapter 13

When a creditor may not have a valid lien, Chapter 13 gives you a good way to defeat that disputed lien and the claim against your property.

Debt Limits Are Increasing

Wasson and ThornhillChapter 13

As of April 1, 2016 you can have a little more debt and still qualify for a Chapter 13 “adjustment of debts”