Bankruptcy Blog - Vehicles
At Oliveros & O’Brien we are at the leading edge of bankruptcy law and practice. Michael O'Brien is one of only three attorneys in the State of Oregon who is Board Certified as a Consumer Bankruptcy Specialist by the American Board of Certification. He is a frequent speaker at seminars for other attorneys on bankruptcy issues.
We also believe in giving our website visitors and our clients the opportunity to get current, accurate, and practical information about bankruptcy and financial matters. So every week on Monday morning we publish a blog. Their titles and short summaries are listed below, with the most recent one on top. Click on the “More...“ after each one to read the whole blog. Also, if you want to see all of our blogs in a certain catagory, just click on the appropriate one in the column to the right.
Big Advantages of Chapter 13: Saving Your Vehicle, and for a Whole Lot Less Money
October 19, 2009 by Oliveros & O'Brien, P.C.
If you have a choice between doing either a Chapter 7 “straight bankruptcy” or a Chapter 13 “wage earner plan, why would you do the Chapter 13? Some people don’t qualify for Chapter 7, and so do not have any choice. But every year at least tens of thousands of people intentionally choose Chapter 13 because it is better for them. Often it’s because of their vehicles: Chapter 13 can SAVE a vehicle that you would otherwise LOSE in a Chapter 7 case. And it can enable you to KEEP a vehicle by GIVING YOU MORE TIME TO PAY FOR IT and sometimes PAYING LESS to your creditor—sometimes LOTS LESS—than you would in Chapter 7.