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An automobile dealership in Orland, California which closed after General Motors cut ties with it and several hundred other dealers as part of its Chapter 11 bankruptcy restructuring efforts in 2009 [1] Beginning in the latter half of 2008, a global-scale recession adversely affected the economy of the United States.
Canada's 3,500 car dealers, which employ 140,000 people, told the federal and Ontario governments in mid-November they are at risk from the financial crisis; they are asking the national government to help out despite a record year [citation needed] of sales. Ottawa is considering providing financial aid to the Canadian subsidiaries of the Big ...
DriveTime is a private company headquartered in Tempe, Arizona. [3] The company's business model is focused on selling previously owned vehicles to car-buyers. [4] It uses a proprietary credit scoring model to finance car purchases at its dealerships in-house, [5] [6] including subprime lending.
The best way to protect your car in bankruptcy, regardless of the type of bankruptcy you choose, is to own it outright. If you are able to, you can redeem your car loan by paying your lender the ...
Bankruptcy is designed to give filers a fresh financial start. Depending on the type of bankruptcy you pursue, many of your outstanding debts will be addressed through a payment plan or paid off ...
Here are a few ways you can qualify for a car loan after bankruptcy: Work with a Subprime Lender. ... Car and Driver’s 10 Best Cars through the Decades. How to Buy or Lease a New Car.
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