Posts Tagged ‘car’
Chapter 13 Bankruptcy Will Prevent Repossession Of Your Vehicle
Chapter 13 will prevent your vehicle from being repossessed. As soon as you file a Chapter 13 you get the benefit of the “Automatic Stay” which is a mechanism created by the Law that immediately stops all collection efforts.
Read MoreWhat Happens to My Car if I Declare Chapter 13 Bankruptcy? – 4 Things To Know
What Happens to My Car if I Declare Chapter 13 Bankruptcy? – 4 Things To Know
1) Paid Off
2) Pay The Value VS. Pay What Is Owed
3) Cramdown The Interest Rate
4) Option: Turn In The Vehicle And Discharge The Debt