Tag: consumer bankruptcy law
Surrendering a Car in Bankruptcy: The Best Option For You?
Surrendering a car in bankruptcy means you give up the car. But, the chapter 7 surrender also means the loan goes away. People often ask me if they can keep their car if they file bankruptcy. And if they have a modest car without a lot of “equity”, the answer […]
Homestead Protection: Amounts Covered Vary by State
Think of “homestead” and you might envision a scenic home representing a historical residence or grand family estate. In the legal world, homestead law protects equity in a home from being taken by creditors. Such protections exist in state law. Nearly every U.S. state has its own homestead statute, designed to […]