vehicle loans

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 [...]