The Surprising Benefits: Keeping Your Vehicle Lease under Chapter 13
You can keep your leased vehicle under Chapter 7 if you're current. If not, or have other reasons to do a Chapter 13 case, that works too.
The Surprising Benefits: Ending Your Vehicle Lease under Chapter 13
Chapter 7 gets you out of a vehicle lease owing nothing. Chapter 13 is more complicated but can give you pretty much the same good result.
Successfully Completing a Chapter 13 Case
A Chapter 13 case lasts a long time, but can have many advantages. Many of those advantages come only if you successfully finish it.
Examples of Reaffirmation Agreement vs. Chapter 13
Here are examples of the reaffirmation of a secured debt (like a vehicle loan) in a Chapter 7 case vs. addressing it in a Chapter 13 case.
Get a New Financial Start with this New Year
Get a new financial start for 2018. Stop creditor pressures immediately, write off all or most debts, and responsibly deal with the rest.
Simple and Not-so-simple Debts in Chapter 7 and 13
Very broadly speaking Chapter 7 handles simple debts as well or better than Chapter 13 does, which handles more difficult debts better.
The Automatic Stay in Chapter 7 and 13
Filing a Chapter 7 or 13 case both stop creditor collection actions against you just the same. But after that the differences are huge.
Using Time to Your Advantage in Chapter 7 and 13
Chapter 7's big advantage is that it's quick. Chapter 13's big advantage is that it buys you more time to do what you want or need to do.
Dealing with Recorded Tax Liens through Chapter 13
A recorded tax lien gives the IRS/state a lot of leverage against you and your home. Chapter 13 can gain you back some of that leverage.
Buy Lots More Time to Deal with Multiple Years of Income Tax Debts
If you have an income tax debt that qualifies for discharge and also some tax debt that doesn't, Chapter 13 is often your best option.
Good Timing Can Shorten Your Chapter 13 Case by 2 Years
We show how wise timing in your filing of a Chapter 13 "adjustment of debts" case could shorten your payment plan from 5 years to 3 years.
Timing: Qualifying for Cramdown on Personal Property Collateral
Chapter 13 cramdown doesn't just work for vehicle loans. You can also cram down debt for the purchase of "any other thing of value."
A Sample Completed Chapter 13 Case
What does the completion of a successful 3-to-year Chapter 13 case look like?What happens to your assets and debts?
The Chapter 13 Trustee
The Chapter 13 trustee is an important player in your "adjustment of debts" case so it helps to know how to deal with him or her.
The Option of Severing Your Chapter 13 Case from Your Spouse
When deciding to file a Chapter 13 jointly with your spouse, realize that you can split that case later into two cases if you get divorced.