Bankruptcy can get your repossessed car back
Image Source: Flickr User Emran Kassim
Are you behind on your vehicle loan to the extent that your lender is threatening repossession or has recently taken your car away? You may think that your only option to get your car back is to scrape up a stack of cash. But, in many cases, this is not your only recourse to keep or get your car or truck back. Both Chapter 7 and Chapter 13 offer options to distressed consumers that are struggling with their debts and need to rescue their vehicle from repossession. In this two-part series, we'll show you how the most common consumer bankruptcy chapters can help. Today, we'll take a look at Chapter 7 and, tomorrow, Chapter 13.