Bankruptcy can save your truck or vehicle various ways. Enable you to pay for it by wiping out other debts. Or even by paying less for it.
Decisions that seem to make sense at the time can end up being against your best interest. Hereâs what to look out for.
Chapter 7 “straight bankruptcy” is quick, usually quite straightforward, and appropriate for more situations than you might think.
Both the Chapter 7 and Chapter 13 types of bankruptcy give you excellent ways to either keep andâif you wantâsafely let go of your vehicle.
You can save your vehicle with Chapter 7 if you can quickly catch up. But if you can’t, consider Chapter 13.
If you are not current on your leased vehicle but want to keep it, file a Chapter 13 case if you can’t bring the account current right away.
If you have a relatively new vehicle loan, waiting until you’ve had it for at least two and a half years can save you thousands of dollars
Here’s some of the very good news you might hear if you followed up on your New Year’s resolution to go see a bankruptcy attorney.
Bankruptcy can take care of your vehicle debt in many ways. Here are a baker’s dozen–13–of them.
Straight Chapter 7 bankruptcy gives very limited help if you’re behind on your vehicle and need to keep it. And Chapter 13? Provides much more help.
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