Posts Tagged ‘car in bankruptcy’
Declare Chapter 13 Bankruptcy To Help With The Economic Downturn (Coronavirus)
Declare Chapter 13 Bankruptcy To Help With The Economic Downturn (Coronavirus)
1) Create A More Manageable Debt Repayment Plan
2) Stop Foreclosure
3) Prevent Repossession
4) Stop Collection Efforts / Wage Garnishment
5) Discharge Unsecured Debts
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 Does Chapter 13 Bankruptcy Do With The Debt I Owe?
What Does Chapter 13 Bankruptcy Do With The Debt I Owe?
1) Secured Debt – Save Your Home / Car
2) Unsecured Debt – Wipe Away Credit Cards
3) Taxes
4) Alimony And Child Support
What Does Chapter 7 Bankruptcy Do With The Debt I Owe?
What Does Chapter 7 Bankruptcy Do With The Debt I Owe?
1) Secured Debt
2) Unsecured Debt
3)Taxes
4) Alimony And Child Support
What 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