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."
Personal Property Leases in Bankruptcy
Leases of consumer goods--furniture, appliances, electronics--are like vehicle leases: you can "accept" or "reject" them.
Chapter 7 and Chapter 13–“Cramdown” on Personal Property Collateral
After covering Chapter 7 last time, now how does Chapter 13 help you keep (or surrender) collateral on a debt?
Chapter 7 and Chapter 13–Personal Property as Purchased Collateral
How does bankruptcy treat something you bought--furniture, an appliance, or some electronics--when that thing is collateral on a debt?
Crucial Question: Can I Keep Everything I Own If I Do a Chapter 7 Bankruptcy?
Most people who file bankruptcy under Chapter 7 do not have to surrender anything to their trustee because everything they own is "exempt."