The “Automatic Stay” in Chapter 7 vs. Chapter 13
Chapter 7 often protects you from creditors well enough. But if need be, Chapter 13 protects you longer.
Keeping Vehicles That You Owe On in a Chapter 7 Bankruptcy
Chapter 7 is the take-it-or-leave-it bankruptcy when it comes to your vehicle with a loan against it. In most cases you either keep on making the payments or you surrender the vehicle, nothing much in between. To be clear I’m talking here about a vehicle that you owe on, with the lender as a lienholder […]
Advantages of Chapter 13 After Stopping Repossession of Your Car or Truck
Straight Chapter 7 bankruptcy gives very limited help if you’re behind on your vehicle and need to keep it. And Chapter 13? Provides much more help.
Worried about Getting Your Car or Truck Repo’d? How Bankruptcy Could Help
Bankruptcy stops a vehicle repo from happening. But what then?
Power to Keep Your Vehicle, Appliances, and Other Collateral
If you want to hold onto your vehicle, or other collateral, Chapter 13 makes it happen.
See an Attorney BEFORE Losing Your Vehicle to Repossession or Surrender
You may be able to keep a vehicle you thought you couldn’t afford to pay for. Chapter 13 allows you to pay less per month and less overall on a vehicle loan, under certain conditions. This blog is one of a series on the mistakes people make before seeing an attorney about filing bankruptcy. As […]
What Can I Do If I’m Behind on My Vehicle Loan?
Bankruptcy saves your vehicle from immediate repossession. Whether you choose to file under Chapter 7 or 13 depends in part on how strong of a medicine you need for dealing with the back payments.
Keeping Your Wheels in Bankruptcy
Under Chapter 7, you can pay your vehicle loan mostly by getting rid of all or most of your other debts. Under Chapter 13, you can pay your vehicle loan ahead of most of your other creditors.
Debts You Really Care About, and WANT to Pay
In bankruptcy, are you allowed to favor: 1) creditors with collateral, so that you can keep the collateral; 2) creditors toward whom you have special loyalty; and 3) creditors who have extraordinary leverage against you?
Stronger Medicine for Vehicle Loan through Chapter 13
If you are behind on your car or truck loan and a Chapter 7 case will not help you enough, file a Chapter 13 case instead so that you can keep that vehicle.