Month: December 2016

Lessons Learned the Hard Way

As an attorney primarily serving debtors, many of whom are in Chapter 13 bankruptcies, these "Lessons Learned" are quite valuable. As for the first case described, that may not be the end of the road for those debtors. Depending on how severely their income was restricted and if/when they may have received a discharge in a prior bankruptcy, a subsequent Chapter 7 may give them a fresh start. However, if they could not afford the Chapter 13, they would need to surrender the motorcycle in the Chapter 7. As for the second case discussed, I find that it is very, ...
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Miscellaneous Hot Topics in the EDKY

Most of the items in this Chapter 13 Trustee's blog post pertains mainly to your Chapter 13 attorney. However, the section about obtaining a new car while in your Chapter 13 is very pertinent to you as a Debtor. This is no longer a streamlined process. Now, you will have to have a more in-depth communication with you attorney. Also, you will need to plan on spending more time shopping around for the least expensive car that will meet your needs and a reasonable interest rate. You may think you are limited to the buy here/pay here type of car ...
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