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 [...]
vehicles
In part one, I discussed some recent Bankruptcy Law Network posts on reaffirmation agreements. For part two, though, we’ll focus soley on the reality of a typical auto loan scenario. Forget About the Law “What?” you say. “This site is all about the law!” That’s true, but reality is more important. The reality is that [...]
