John Spalding, Esq John Spalding, Esq

What Happens to a Car in Chapter 7 Bankruptcy?

When filing for Chapter 7 bankruptcy, deciding the fate of your vehicle is one of the most important choices you’ll face. Chapter 7 bankruptcy provides multiple options for handling your car loan: surrendering, redeeming, reaffirming, or using the retain-and-pay approach. In this post, we will talk about each of these options.

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