Cars and Bankruptcy

Get It Back! Fixing a Fraudulent Transfer Before Bankruptcy in the 9th Circuit

07/10/12

As I recently wrote on the Bay Area Bankruptcy Lawyer Blog, perfectly honest consumer debtors sometimes make the mistake of transferring an asset to a friend or family member before filing bankruptcy.  This can happen innocently enough, as for example, where a debtor gives an old car of little value to an adult child months [...]

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Where Can I Get a Used Car Loans with Bad Credit

01/03/12

If you are looking new car for your personal use, office use & other use or you have no good credit for buy new car but you have need a car then you have used car is a second option. Because most of people are purchase used car for personal use because they have no [...]

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In re Penrod, 611 F.3d 1158 (9th Cir. 2010) An Opportunity for California Bankruptcy Attorneys — But Maybe Not For Long

08/21/11

The 9th Circuit has ruled that to the extent that an automobile lender rolls the negative equity from a trade-in into a new acquisition loan that part of the loan is not a purchase money security interest.  In re Penrod, 611 F.3d 1158 (9th Cir. 2010).   The ruling in Penrod is in apparent contrast to [...]

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You Can Keep Your Car During Chapter 7 Bankruptcy, But Should You Sign a Reaffirmation Agreement?

08/06/11

In our current tenuous economic climate, more and more normal, honest, hardworking people are turning to bankruptcy for relief from overwhelming debt. In fact, most people who file for bankruptcy are perfectly responsible citizens who have lost homes, lost law suits, incurred unexpected medical bills or other large, unforeseen expenses. One of the most commonly [...]

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Can you Strip down a vehicle loan in Chapter 13?

07/13/11

I heard that you can keep your vehicle in Chapter 13 and pay less than your vehicle’s outstanding loan balance. Is this true? In all situations filing a Chapter 13 bankruptcy petition will allow you to keep your vehicle. Even if you are behind on your vehicle payments by several months or more, a Chapter [...]

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Loan Redemption Program Lets You Keep Your Car After Bankruptcy and Save Money

06/30/11

In most cases, when you file for bankruptcy, you have very few options when it comes to your vehicle. Normally, you can keep your existing car loan and make the high monthly payments until the loan is paid in full. Or you can give your vehicle to the lender, which leaves you with no way [...]

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When Can Bankruptcy Stop Creditors From Taking My Property?

01/26/11

No doubt you have heard the terms “unsecured” and “secured” creditors? But what do these terms really mean? In reality, the concepts are quite simple. First off, a creditor is generally someone who is owed money. A common example is when you take out a bank loan. Here you owe the bank a certain amount…

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Georgia Exemptions: What Can I Keep if I File Bankruptcy?

01/20/11

Understandably, a typical bankruptcy client fears that they will lose most of their property if they file for bankruptcy.  For my Atlanta bankruptcy clients, the good news is that a substantial portion of your real estate, personal property and retirement money is safe and sheltered from the reach of the Bankruptcy Court by virtue of…

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Reaffirmation Agreements–What are they and why should I hope the Judge does not approve mine?

01/19/11

Sticking with our recent theme in blog entries, we decide to touch on reaffirmation agreements this week. Debtors who file a Chapter 7 bankruptcy in Arizona, and owe money on their house or car, are virtually certain to run across one or more of them. Leaving homes for another day, here is a quick rundown…

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