Many people wonder that can chapter 13 save my car. Yes, this can be possible. People in this situation can file a chapter 13 Bankruptcy and stop the risk of losing the vehicle. And our experts can help you with this. For more information, you can call us at (212) 244-2882, (914) 559-9500.
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Chapter 13 Bankruptcy is a debt reorganization and repayment plan.
Bankruptcy Attorney Todd Mannis will protect you from creditors taking action to foreclose on your home and/or repossess your vehicles.
In a Chapter 13 Bankruptcy your debt is consolidated and made into a monthly payment plan that is affordable for you.
It may also allow you to reduce unsecured debt such as credit cards and medical bills to a fraction of what you owe.
In a Chapter 13 Bankruptcy you may also strip your second trust deed.
Once the term is over you are relieved of your debt forever.
It is seen that people end up buying a new brand car investing a lot of amount of money which reduced their money for future use.
So alternatively of purchasing a fresh vehicle, the people are going in the direction of buying the old cars as they do not require that amount of money that a new vehicle needs.
Nowadays, the old car industry is growing with rapid growth and experience.
The used cars are much more secure and efficient in saving money as the car’s value are initially significantly less from the new car.
When a person decides to sell their car on an online site or to the local dealer before that, I want to know how much is my car worth?
It is due to the truth that they do not wish to save their car at fewer prices to counter any loss.
