Re: Chapter 13 vs Chapter 7????
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Posted by SillyLilly
(216.222.110.226) on August 03, 2004 at 14:31:15:
In Reply to: Chapter 13 vs Chapter 7???? posted by MOMTO1 on August 03, 2004 at 07:04:01:
If one or both of your car loans are way upside down, look into doing a 722 redemption if you file a chapter 7. The interest rates are very high, but you'd only be paying the fair market value on the loan, so your payments and overall payback would be lower if your loan is upside down enough. Ask both lawyers about this.
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