CHAPTER 13 BANKRUPTCY & FORECLOSURE
No one wants to imagine a scenario in which they are losing their home to a foreclosure. It’s not a pleasant thought at all, the risk of losing your home and having your family displaced. Foreclosures are financially devastating. Not only do they ruin your credit, they also wipe out any value you have paid…Read More
GOVERNMENT SPONSORED DEBT CONSOLIDATION PLAN
New Jersians are always amazed when they learn that the United States Government sponsors a debt consolidation plan designed just for them and it’s much better than anything that’s available from any bank or credit union. If you reside in South Jersey and feeling overwhelmed by your growing debt and you are currently in a…Read More
Chapter 13 Vehicle Loan Cramdown – Revisited
A Chapter 13 car loan cramdown can dramatically reduce your monthly vehicle loan payment and lower the total amount you owe. Last month we covered the technical requirements of a cramdown. Today, I’ll give an example of the “power” of the cramdown. Chapter 13 Cramdown The cramdown is a very useful tool for reducing the…Read More
Do you owe more on your car than it is worth? If so….
Do you owe more money on your car than it is worth? You may be able to use a Chapter 13 bankruptcy “cramdown” to reduce the balance and interest rate on your car loan. What Is a Car Loan Cramdown? As soon as you drive your car off of the lot, it depreciates very quickly,…Read More