Chapter 13 Bankruptcy and Car Loans in Arizona

1. CHAPTER 13 BANKRUPTCY AND CAR LOANS IN ARIZONA When it comes to choosing what kind of bankruptcy to file, I find that Chapter 13 bankruptcy is often a better tool than Chapter 7 for dealing debt to keep your car in bankruptcy. Chapter 13 Can Solve Car Loan Problems in Phoenix Bankruptcy does offer a number of options to address this upside down car issue. Which chapter you choose often depends on whether you want to keep your car in bankruptcy. In Chapter 13, your car lender can file a claim for the deficiency on the car loan which will just be added to the list of unsecured creditors and will likely be paid pennies on the dollar if that. Chapter 13 May Be the Best Way to Keep Your Car Generally, I like Chapter 13 bankruptcy for big car loans. No reaffirmation agreement. If you miss work and end up a month behind on your car loan, the lender has to file a motion and set it for a hearing which gives us a chance to work out repayment options before your lender comes close to laying a finger on your car. Contact Us If you do have any questions about Chapter 13 bankruptcy and car loans, call Phoenix Fresh Start Bankruptcy Attorneys so that we can address them. 4602 E Thomas Rd, Phoenix, AZ 85018, USA 602-598-0202 info@phoenixfreshstartbankruptcy.com phoenixfreshstartbankruptcy.com