The Impact of Promising to Make Your Car Payments In a Chapter 7 bankruptcy petition, you'll generally be allowed to permanently unload certain types of debt in exchange for transferring some of your property to the bankruptcy court, which will typically be sold to satisfy your creditors. In the alternative, if you don't want to lose property in a … [Read more...]
How to Keep a Vehicle Even If You’re Behind on Payments
April 22, 2016 by Leave a Comment
Falling behind on a vehicle loan is scary because of the very real threat of having your vehicle repossessed. It is all too easy for this to happen—vehicle lenders' contracts usually legally allow them to do as soon as you are late on your payment. Limited Help with a Chapter 7 "Straight Bankruptcy" Once you have fallen behind on your … [Read more...]
