cars

Chapter 13 Bankruptcy and Cars: “Life is a Highway”

by Russell A. DeMott, Charleston Bankruptcy Lawyer

Filing a Chapter 13 bankruptcy lets you do things you couldn’t otherwise do in a Chapter 7 bankruptcy.  One of the things you can do is “cram down” a vehicle.  It sounds a little violent, and I’m sure it feels that way to an auto lender. Here’s how it works.  Let’s say you owe $20,000 [...]

Can I keep my car when I file bankruptcy?

by David Leibowitz, Illinois and Wisconsin Bankruptcy Attorney

People think that when they file bankruptcy they will lose everything. That’s hardly the case. People always ask if they can keep their car. In most cases, they can. I always ask my clients if they own or lease their car? Leased cars You can continue to lease the car after bankruptcy if you continue [...]