Perez & Perez Bankruptcy

Posts Tagged ‘car loan’

Saving Money On Your Car Loan Through Redemption

Redemption car payment savings file bankruptcy Indianapolis IN

What is Bankruptcy Redemption? Redemption is authorized by Section 722 of the Bankruptcy Code. Redemption allows someone in Chapter 7 to keep personal property by paying the creditor the Fair Market Value of the item rather than the amount owed on the loan.   It is most commonly used for cars. For example, say your car is…

Read More

Declaring Bankruptcy: Indianapolis, IN

file bankruptcy indianapolis indiana to erase debt

  No! The phone again. You swear no one calls you except bill collectors. In fact, since the divorce, that may actually be true. Also, you feel pitiful having to buy dog food with a credit card. You walk toward the phone, but you hesitate when the mountain of mail comes into view (although you…

Read More