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Posts Tagged ‘car in bankruptcy’

Declare Chapter 13 Bankruptcy To Help With The Economic Downturn (Coronavirus)

By Pete Jarvis | November 18, 2020

Declare Chapter 13 Bankruptcy To Help With The Economic Downturn (Coronavirus)
1) Create A More Manageable Debt Repayment Plan
2) Stop Foreclosure
3) Prevent Repossession
4) Stop Collection Efforts / Wage Garnishment
5) Discharge Unsecured Debts

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Chapter 13 Bankruptcy Will Prevent Repossession Of Your Vehicle

By Pete Jarvis | June 19, 2020

Chapter 13 will prevent your vehicle from being repossessed.  As soon as you file a Chapter 13 you get the benefit of the “Automatic Stay” which is a mechanism created by the Law that immediately stops all collection efforts.

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What Does Chapter 13 Bankruptcy Do With The Debt I Owe?

By Pete Jarvis | January 30, 2020

What Does Chapter 13 Bankruptcy Do With The Debt I Owe?
1) Secured Debt – Save Your Home / Car
2) Unsecured Debt – Wipe Away Credit Cards
3) Taxes
4) Alimony And Child Support

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What Does Chapter 7 Bankruptcy Do With The Debt I Owe?

By Pete Jarvis | January 21, 2020

What Does Chapter 7 Bankruptcy Do With The Debt I Owe?
1) Secured Debt
2) Unsecured Debt
3)Taxes
4) Alimony And Child Support

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What Happens to My Car if I Declare Chapter 13 Bankruptcy? – 4 Things To Know

By Pete Jarvis | October 16, 2019
Woman driving a car

What Happens to My Car if I Declare Chapter 13 Bankruptcy? – 4 Things To Know
1) Paid Off
2) Pay The Value VS. Pay What Is Owed
3) Cramdown The Interest Rate
4) Option: Turn In The Vehicle And Discharge The Debt

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