Why Creditors Request Relief from the Automatic Stay
Filing bankruptcy stops creditors' collections against you immediately. But sometimes a creditor tries to get permission to collect anyway.
Even Simple Chapter 7 Bankruptcy Can . . . Get You Out of Bad Vehicle Loan
Saving the vehicle sometimes is not the best option, so Chapter 7 bankruptcy gives you a safe way out.
Chapter 13 Bankruptcy Helps You with a Vehicle Loan in Ways Chapter 7 Can’t
Chapter 13 protects you while you catch up on your vehicle loan, or you may not need to catch up on that loan at all.
Your Vehicle in Chapter 7 and Chapter 13
Bankruptcy can protect your car or truck. Both Chapter 7 and 13 can, but which do you need?
The “Automatic Stay” in Chapter 7 vs. Chapter 13
Chapter 7 often protects you from creditors well enough. But if need be, Chapter 13 protects you longer.
Advantages of Chapter 13 After Stopping Repossession of Your Car or Truck
Straight Chapter 7 bankruptcy gives very limited help if you're behind on your vehicle and need to keep it. And Chapter 13? Provides much more help.
Worried about Getting Your Car or Truck Repo’d? How Bankruptcy Could Help
Bankruptcy stops a vehicle repo from happening. But what then?
Power to Keep Your Vehicle, Appliances, and Other Collateral
If you want to hold onto your vehicle, or other collateral, Chapter 13 makes it happen.
Power Over Your Secured Creditors in Chapter 7
Your secured creditors are often the ones you most care about, because the creditor can take your collateral. Chapter 7 strengthens your hand, improving your options.
What Can I Do If I’m Behind on My Vehicle Loan
Bankruptcy saves your vehicle from immediate repossession. Whether you choose to file under Chapter 7 or 13 depends in part on how strong of a medicine you need for dealing with the back payments.
Keeping Your Wheels in Bankruptcy
Under Chapter 7, you can pay your vehicle loan mostly by getting rid of all or most of your other debts. Under Chapter 13, you can pay your vehicle loan ahead of most of your other creditors.
Debts You Really Care About, and WANT to Pay
In bankruptcy, are you allowed to favor: 1) creditors with collateral, so that you can keep the collateral; 2) creditors toward whom you have special loyalty; and 3) creditors who have extraordinary leverage against you?
Stronger Medicine for Vehicle Loan through Chapter 13
If you are behind on your car or truck loan and a Chapter 7 case will not help you enough, file a Chapter 13 case instead so that you can keep that vehicle.
Options with Your Vehicle Loan under Chapter 7
Your car or truck loan may be the most important debt you have. Chapter 7 puts you in the driver seat for dealing with this debt.
Debts with Collateral–THE Fixation of Many Bankruptcies
Your vehicle loan, home mortgage, account at the appliance or electronics store, and maybe a debt that's resulted in a judgment lien--these debts with collateral are the ones that grab the most attention during a bankruptcy case. And that includes the attention of the creditors, very interested in "their" collateral.
