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 […]
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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 […]
Income & Assets: Basics of Bankruptcy – Chapter 13 vs. Chapter 7 – Part 1
In this second installment of our series “Basics of Bankruptcy,” we discuss reasons to file a Chapter 13 bankruptcy rather than the less complex Chapter 7 bankruptcy. WHY FILE CHAPTER 13 ANYWAY? When considering to file bankruptcy, the first decision that probably should be made is whether you should file either a Chapter 7 or […]