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If you struggle to keep up with payments, you may want to consider buying a less expensive car or requesting an exemption. Bankruptcy exemptions. An exemption shields your vehicle during ...
It's very difficult to buy a car during active bankruptcy, and most borrowers require a court's permission to take out additional loans during that time. It's usually better to wait until the ...
A recent bankruptcy can easily cause your credit score to plummet, making it difficult to purchase a home, buy a car or qualify for other types of loans. It can also cause your insurance rates to ...
[2] [3] A December 22, 2008 article in The New York Times stated, "For the most part, the so-called auto transplants – foreign-owned car companies with major operations in the United States – have deep pockets and ample credit, and they are not facing potential bankruptcy like General Motors and Chrysler."
While it can reduce costs, the complexities of bankruptcy law can be challenging and risky. ... like your house or car, in Chapter 7 bankruptcy. They can also negotiate monthly payments and ...
Filing for bankruptcy, while helpful for some, can have a variety of serious and long-term implications. Not only will you see a credit score drop of up to 200 points, but the bankruptcy will stay ...
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