Shakira asks: “What Happens to My Car During Bankruptcy?

Wondering what happens to your car when during bankruptcy? You may not have to lose your car!
Stephen Dunne, Esq.

Stephen Dunne, Esq.

Philadelphia bankruptcy, credit report, and debt collection abuse attorney

Wondering what happens to your car when during bankruptcy? You may not have to lose your car!
Stephen Dunne, Esq.

Stephen Dunne, Esq.

Philadelphia bankruptcy, credit report, and debt collection abuse attorney

Today is the day.

It’s past time you had someone in your corner.
Our first consultation is always free.

Shakira asks: “What Happens to My Car During Bankruptcy?

There is a powerful tool available only in a Chapter 7 bankruptcy called Redemption, which allows you to keep your car by paying fair market value to the creditor, not the amount you actually owe.

In Shakira’s case, she owes Santander $16,816.84 on a 2010 Nissan Altima, but the vehicle is only worth a little over $3,000.

The Solution – Redemption.

I filed a Motion to Redeem with the Bankruptcy Court transforming Shakira’s $16,816.84 Santander car loan into $3,154.00.

Shakira erased over $13,662.84 on her car loan and also erased all of her credit cards and personal loans in her Chapter 7 bankruptcy case.

Be sure to ask your bankruptcy attorney if Redemption is an option in your case.

Knowledge is power.

Today is the day.

It’s past time you had someone in your corner.
Our first consultation is always free.

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