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Bankruptcy

: The Debt Podcast

How Can I Lower My Car Loan Balance in a Chapter 7 Bankruptcy?

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Your car is worth a whole lot less than you owe on it, and you’re in a Chapter 7 bankruptcy. Is there a way to lower your loan balance? In a Chapter 13, you may be able to do a cramdown, where you reduce the loan balance to the car’s value, but you can’t in a [...]

Full post as published by The Debt Podcast on August 16, 2009 (boomark / email).

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