Comments on: Does Chapter 13 Bankruptcy Require That I Pay Back All of My Debt?

By: Can Chapter 13 Bankruptcy Lower My Car Payments? | National Bankruptcy Forum

Thu, 14 Jan 2010 21:43:08 +0000

[...] Chapter 13 bankruptcy allows for the “cram down” of auto loans and other secured debts. This means that if you owe more than your car is worth, the amount of your loan that exceeds the car’s value can be stripped or crammed down leaving you with a car payment that reflects your car’s true value. Bankruptcy reforms enacted in 2005 did provide a catch: loans made within 910 days of filing the case cannot be crammed down. The underscured amount of the loan will be paid out (often at pennies on the dollar) through the life of the payment plan you create with your attorney. Cram down of an auto loan is a possibility even if you are late on car payments. Assuming you can afford to make the payments once they have been modified, chapter 13 also affords the opportunity to pay pack past due amounts owed on a car over the life of a repayment plan. Paying back arrearages in this way will stop your lender from being able to repossess while giving you time to get current with reasonable installment payments. If you are having trouble making car payments and would like to explore your options, contact a bankruptcy attorney. [...]

By: Is There a Connection Between the Grateful Dead and Chapter 13 Bankruptcy? | National Bankruptcy Forum

Wed, 30 Dec 2009 01:09:22 +0000

[...] for chapter 13 protection invokes the protection of the Automatic Stay, stopping a pending foreclosure sale. From there, past [...]

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Sat, 26 Dec 2009 02:20:28 +0000

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By: Does Chapter 13 Bankruptcy Require That I Pay Back All of My Debt … :Debt Consolidation Loan

Fri, 25 Dec 2009 20:26:54 +0000

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By: Does Chapter 13 Bankruptcy Require That I Pay Back All of My Debt … | Minneapolis Bankruptcy Attorney

Fri, 25 Dec 2009 20:17:51 +0000

[...] See original here: Does Chapter 13 Bankruptcy Require That I Pay Back All of My Debt … [...]