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

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.

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Posted February 14, 2010 by admin. Comments and trackbacks are open. Follow the comments feed.
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