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....
Continue readingChapter 7: Rejecting a Vehicle Lease
Rejecting a vehicle lease in a Chapter 7 case simply requires a formal statement that you reject it. The Option of “Rejecting” the Lease When you file bankruptcy, you get to choose if you want to keep your leased vehicle. Specifically, you choose to either “assume” or “reject” the vehicle lease. Assuming a vehicle...
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