The Six Options for Cars and Other Secured Collateral in Chapter 7

Posted on February 14, 2010 by admin

Here are the six options available for handling secured collateral in Chapter 7:

1. Surrener
2. Redeem
3. Reaffirm
4. Reaffirm and Rescind
5. Reaffirm and Argue to the Judge to not approve the reaffirmation
6. “Ride Thru” or Keep and pay and not reaffirm.

Read the full story….

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