Chapter 7 Buys Very Short Amount of Time to Get Vehicle Insurance
Chapter 7 stops a repossession of your vehicle for lapsed insurance, but almost always the amount of time it buys you is very short.
“Assuming” a Vehicle Lease in Default in Chapter 13
Although Chapter 7 can work fine if you're current on your lease, use Chapter 13 instead if you're behind and need time to catch up.
“Assuming” a Vehicle Lease in Chapter 7
You can most likely "assume" your vehicle lease and keep that vehicle under Chapter 7. But you need to be current or able to be quickly.
Keeping Your Leased Vehicle through Chapter 7
If current or able to get current on your vehicle lease payments, you'll likely be able to keep that vehicle in a Chapter 7 case.
Getting Out of Your Vehicle Loan through Bankruptcy
Keeping a vehicle and its debt is sometimes not the best option. Chapter 7 and Chapter 13 can both give you a safe way out.
20 Extraordinary Tools of Bankruptcy
In so many often surprising ways, bankruptcy can fix your earlier mistakes, undo harms caused by creditors, and clear a better path forward.
The Extraordinary Tools of Bankruptcy: Keeping Your Leased Vehicle through Chapter 13
If you are not current on your leased vehicle but want to keep it, file a Chapter 13 case if you can't bring the account current right away.
The Extraordinary Tools of Bankruptcy: Keeping Your Leased Vehicle through Chapter 7
If you are current on our leased vehicle, you can likely keep it in a Chapter 7 "straight bankruptcy." If not current, you need Chapter 13.
The Extraordinary Tools of Bankruptcy: Getting Out of Your Vehicle Lease through Chapter 13
Chapter 7 gets you out of a vehicle lease quite cleanly. But if you have to file a Chapter 13 case for other reasons that can work, too.
The Extraordinary Tools of Bankruptcy: Getting Out of Your Vehicle Lease through Chapter 7
A vehicle lease can cost you less up front and monthly, but in fact is often the most expensive option. Bankruptcy is your escape clause.