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But your car’s value will affect which bankruptcy type is best to pursue and you may have to take extra steps to protect your vehicle. What happens to your car in Chapter 7 bankruptcy
But just because it's possible to take out a car loan after bankruptcy doesn't mean you should. A car is a major purchase, and most people who file for bankruptcy aren't in the best place financially.
Taking on too much debt can put you on the fast-track to bankruptcy. In 2023, the number of non-business bankruptcies in the U.S. rose to roughly 434,000, marking a 16% increase over the previous ...
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However, even with §1113, rejection of a collective bargaining agreement is allowed under this specific procedure. Once in bankruptcy, a debtor may file a motion to reject the collective bargaining agreement any time, provided that the debtor first fulfills its obligation to make a proposal to the union regarding "necessary" modifications to the collective bargaining agreement, provides the ...
Buying a new car is a big step, but it doesn't have to be a daunting one. Smartphones make these steps easier than ever. It is now entirely possible for a buyer to shop for a vehicle while in line ...
Chapter 13 bankruptcy offers a way to reorganize and pay off debts over three to five years without losing essential assets like a home or car. It provides a structured repayment plan and an ...
Bankruptcy allows you to discharge your debts (Chapter 7) or restructure them in a more manageable way (Chapter 13), providing a chance to start fresh without the pressure of insurmountable bills.
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