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Use Chapter 13 Bankruptcy to keep your Car

Saving your car or automobile and Reducing the monthly payments on the vehicle by filing a Chapter 13 Bankruptcy in Philadelphia. You no longer have to worry about the repossession of your vehicle.

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Use Chapter 13 Bankruptcy to keep your Car

  1. 1. . USE CHAPTER 13 BANKRUPTCY TO KEEP YOUR CAR
  2. 2. ‘ THE l. A‘ OFFICES or ' " DAVID M. OFFEN There are many benefits of Chapter 13 bankruptcy, including the ability to use this as a means of keeping your car
  3. 3. ‘ THE I. A‘ OFFICES or ' " DAVID M. OFFEN With the right approach, you will not lose any of your Vehicles by filing for Chapter 13
  4. 4. USE INCOME TO MAKE BACK PAYMENTS
  5. 5. l THE I. A' OFFICES or ' " DAVID M. OFFEN If you want to keep your car in Chapter 13, you must use your income to make back payments
  6. 6. THE I. A' OFFICES OF - l -" DAVID M. OFFEN This allows you to pay some or all of the money you owe to creditors
  7. 7. l THE I. A' OFFICES or ' "' DAVID M. OFFEN Most of the time, the repayment period lasts three to five years
  8. 8. FOCUS ON EQUITY
  9. 9. l THE I. A' OFFICES or ' "' DAVID M. OFFEN Do you have an excess amount of nonexempt equity in your car?
  10. 10. l THE I. A' OFFICES or ' "' DAVID M. OFFEN If so, this could increase your monthly payment amount
  11. 11. l THE I. A‘ OFFICES or ' " DAVID M. OFFEN While this is a possibility, it is not typically the case with a car because of depreciation
  12. 12. REASONABLE EXPENSE
  13. 13. THE I. A' OFFICES OF - l -" DAVID M. OFFEN Even though this does not typically come to light, it is something to consider
  14. 14. l THE I. A‘ OFFICES or ' " DAVID M. OFFEN If you own a very expensive luxury car, for example, the court could decide that this is not a reasonable expense
  15. 15. GET PREPARED
  16. 16. N fl THE I. A‘ OFFICES or ' DAVID M. OFFEN If you are concerned about filing for Chapter 13, thinking that it will have an impact on your car, it is important to be as prepared as possible for the filing process
  17. 17. l THE I. A‘ OFFICES or ' " DAVID M. OFFEN When you understand the points discussed in the last three slides, it is easier to understand your situation
  18. 18. PL . CONTACT A CHAPTER 13 BANKRUPTCY ATTORNEY
  19. 19. N fl THE I. A‘ OFFICES OF ' DAVID M. OFFEN Although you may have some knowledge of Chapter 13 bankruptcy and how it will impact your car, it is safe to assume you also have some questions and concerns
  20. 20. l THE I. A' OFFICES OF ' "' DAVID M. OFFEN By working with an attorney, you can put your mind at ease
  21. 21. ‘ l THE I. A' OFFICES ' " DAVID M. OFF -1 LEARN MORE ABOUT BANKRUPTCY IN PHILADELPHIA
  22. 22. P‘ 1 l Ill l , -.'. L l l , :'; l" DAVID M. OFFEN t BANKRUPTCY ATTORNEY www. getfreeofbills. com

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