Keep Your Vehicle without Reaffirmation
Can you keep your vehicle without reaffirming its loan? Can you make the payments without reaffirming? What if you can't afford the payments?
The Surprising Benefits: Ending Your Vehicle Lease under Chapter 13
Chapter 7 gets you out of a vehicle lease owing nothing. Chapter 13 is more complicated but can give you pretty much the same good result.
Be Cautious about Reaffirming a Debt
Reaffirming a debt, including a vehicle loan, can be a very sensible choice. But be fully aware of the risks and possible other options.
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.
Many Ways to Buy Time for Your Vehicle and Home through Chapter 7
Chapter 7 buys you the crucial time you need in many situations when falling behind in your obligations related to your vehicle or your home.
Reducing the Cost of Your Vehicle Loan through Cramdown
Chapter 13 vehicle loan cramdown solves a number of serious practical problems that even Chapter 7 "straight bankruptcy" can't.
Surrendering Your Vehicle in a Chapter 7 Case
If you're buying a vehicle, sometimes getting out of the contract is your best option. Chapter 7 lets you do that, owing nothing.
Keeping Your Vehicle by Reaffirming the Vehicle Loan
In a Chapter 7 case you "reaffirm" your vehicle loan if you want to keep your vehicle. This means you keep paying it.
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.
“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.
Surrendering a Vehicle in a Chapter 13 Case
Chapter 13 gives you powerful ways to hold onto a vehicle, but it also lets you give up that vehicle without paying its debt.
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.
Getting Out of Your Vehicle Lease through Chapter 7
A vehicle lease can cost you less up-front and each month, but is in reality very expensive. Bankruptcy is your way to break the contract.
Keeping Your Leased Vehicle through Chapter 13
Want to keep your leased vehicle but aren't current on the payments? File a Chapter 13 case if you can't get current right away.
