If you will be filing for bankruptcy protection, you have a few options regarding the best way to pay off a car loan or to buy a new vehicle before or during the period of a Chapter 13 bankruptcy. We recently discussed some aspects of bankruptcy with Christopher Holmes and Jess M. Smith, III, partners […]
cramming
Auto Loans and Bankruptcy: How to Avoid Repossession of Your Vehicle
Are you behind in your monthly car or truck payments to the point where you are unable to satisfy your bank or financial institution and they’ve placed the loan in default? If you answered “Yes,” there may be a way out of your tough situation. If you’re having financial troubles and are desperate to avoid […]
Cramming: Overview of Bankruptcy – Chapter 13 and Why to File, Part 3
Series: #8 0f 13 Last time, we discussed curing a mortgage, one of the reasons a debtor would want to file a Chapter 13 bankruptcy rather a Chapter 7. Next, we look at “cramming.” What does “Cramming” Mean in Reference to Bankruptcy? “Cram” is a word of art in bankruptcy practice. It literally means reducing […]