Chapter 7 Buys Time and Money to Move from a Foreclosing Home
Filing a Chapter 7 case stops foreclosure of your home temporarily, helping you gather funds for your transition to your next housing.
Chapter 7 Buys Time to Change to Another Vehicle
Filing a Chapter 7 case stops repossession of your vehicle temporarily. If you are getting another vehicle, that can be valuable time.
Escaping a Vehicle Lease in Chapter 13
Getting out of a vehicle lease by "rejecting" it in Chapter 13 isn't quite as quick as in Chapter 7 but has about the same practical effect.
Escaping a Vehicle Lease in Chapter 7
Vehicle leases are often not such a good deal. If you find out your isn't, you can almost certainly "reject" that lease and pay no more.
The Financial Effect of Surrendering Collateral in Chapter 13
If you are concerned that in a Chapter 13 case a debt resulting from surrendered collateral will cost you more, often it won't.
When a Creditor Does Not Enforce its Lien
Sometimes, even if what you bought is legally collateral on a debt, you can just write off and not pay the debt yet keep what you bought.
Secured Debt Treated Like Unsecured Debt after Collateral Surrender
A secured debt effectively turns into an unsecured debt if you surrender the collateral, which may make sense to do more than you think.
Secured Debts Treated Like Unsecured Debts in Chapter 7
A secured debt can be handled like an unsecured debt if you surrender the collateral, "avoid" a judgment lien, or just keep the collateral.
Chapter 13 Benefits Directly Related to Real Estate Other than Your Home
Chapter 13 can be an effective way to keep or unload business and investment real estate.
Getting Out of Your Vehicle Lease through Chapter 13
If you are filing a Chapter 13 case for other reasons, it's also a good opportunity to get rid of your vehicle lease if you want to do so.
Chapter 7 and Chapter 13–Surrendering Your Home
If you are leaving your mortgage(s) behind, what are the advantages and disadvantages of doing so within the two main bankruptcy options?
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?
A Chapter 7 “Straight Bankruptcy” Can . . . Help You Deal with Secured Debts from Your Closed Business
Chapter 7 puts you in the driver's seat to either keep or surrender the collateral securing your business debts.