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Bankruptcy

: The Debt Podcast

Bankruptcy and Lenders who Refuse to Pick Up Vehicles

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Recently, many lenders have been refusing to pick up vehicles that debtors are surrendering in bankruptcy proceedings.  Perhaps if these lenders picked up these vehicles and sold them at auction, they would need less bail out money and might avoid Chapter 11. Its very strange.  At one end of the spectrum are lenders that will pick [...]

Full post as published by The Debt Podcast on May 06, 2009 (boomark / email).

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