A COMPASSIONATE & COMPETENT ATTORNEY WORKING FOR YOU FREE CASE EVALUATION

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To qualify for a Chapter 13 vehicle loan cramdown, mostly your loan must be at least two and a half years old. There are exceptions to this.

If you can’t afford to pay your vehicle payments even after writing off your other debts under Chapter 7, consider a Chapter 13 loan cramdown.

Can you keep your vehicle without reaffirming its loan? Can you make the payments without reaffirming? What if you can’t afford the payments?

If you want to keep your vehicle and still pay on its loan, file a Chapter 7 case to write off other debts and reaffirm the vehicle loan.

What do you need to do, what efforts is worth taking, if there are debts you don’t have any records on or you’ve forgotten about?

Usually if you don’t list a debt, it doesn’t get discharged. An exception is if the creditor still learns about your case, on time.

If you don’t list a debt in your bankruptcy case, and don’t add it in on time, it may not be written off. So carefully include all debts.

Bankruptcy writes off claims against you from a vehicle accident for personal injuries and property damage, IF you weren’t intoxicated.

Writing off student loans is not easy. You must convincingly show that paying the loan causes you undue hardship, a tough condition to prove.

Child support and spousal support debts cannot get written off in bankruptcy. But is your specific divorce debt legally considered support?