Lowering Your Vehicle Loan Payments through Chapter 13 Bankruptcy
"Cramdown" of your vehicle loan can solve the problems of a reaffirmation agreement by lowering payments and protecting you much better.
Reaffirming Your Vehicle Loan through Chapter 7 Bankruptcy
A reaffirmation agreement is a document, usually prepared by your vehicle lender, which you sign and is then filed at the bankruptcy court.
A Fresh Start on Your Vehicle Loan through Chapter 13 “Cramdown”
If your vehicle is worth less than you owe, Chapter 13 "cramdown" can reduce your monthly vehicle payment and the total you pay on the loan.
A Fresh Start on Your Vehicle Loan through Chapter 7 “Redemption”
You may be able to keep your vehicle for less money by "redeeming" itâpaying its present fair market value instead of the full debt.
A Fresh Start on Your Vehicle Loan through Chapter 7 “Reaffirmation”
A reaffirmation agreement makes you still liable on your vehicle loan so you can keep your car or truck after writing off your other debts.
Chapter 7 and Chapter 13–More Vehicle Loans
The second scenario, the Chapter 13 solution for keeping a vehicle if you're behind on payments.
Chapter 7 and Chapter 13–Vehicle Loans
Two similar scenarios, two very different solutions for keeping a vehicle if you're behind on payments.
Mistakes to Avoid–Surrendering Your Vehicle or Getting it Repossessed
Bankruptcy can save your truck or vehicle various ways. Enable you to pay for it by wiping out other debts. Or even by paying less for it.
Big Mistakes to Avoid When Considering Bankruptcy
Decisions that seem to make sense at the time can end up being against your best interest. Hereâs what to look out for.
Making Sense of Bankruptcy: How Secured Debts are Treated in a Chapter 7 “Straight Bankruptcy”
Bankruptcy pays a lot of attention to and can help you deal with your secured debts in many favorable ways.
Crucial Question: Can You Keep Your Vehicle WITHOUT Catching Up on Its Payments?
You can save your vehicle with Chapter 7 if you can quickly catch up. But if you can't, consider Chapter 13.
Crucial Question: Can Bankruptcy Allow You to Keep Your Vehicle Even If Behind on Payments?
Bankruptcy can make it possible to keep your vehicle. You have two ways, depending on how much help you need.
Crucial Question: Can Bankruptcy Stop My Vehicle from Being Repossessed Even If I Am Surrendering It?
Bankruptcy will stop a repossession very fast. Then a month or so later you surrender the vehicle, but gain some key advantages.
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.