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Cramming Down a Vehicle in Chapter 13 Bankruptcy
Cramming Down a Vehicle in Chapter 13 Bankruptcy

A Chapter 13 bankruptcy affords a debtor the opportunity to cram down certain secured debts to their actual value, not merely the principal balance owed. This concept essentially takes the principal balance owed on a secured debt that is "underwater" and reduces the secured ...

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Blog posts in December, 2013

  • Avoiding Judicial Liens

    When you are preparing to file bankruptcy, it is best to discuss with your bankruptcy attorney whether you have any judicial liens against your ...

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  • Detroit Officially Enters Chapter 9 Bankruptcy

    On Tuesday, Federal Bankruptcy Judge Stephen Rhodes determined that the City of Detroit is eligible for Chapter 9 bankruptcy, ushering in a legal ...

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