A cram down is a provision in a Chapter 13 Plan that provides for payment of only the fair market value of the vehicle securing an auto loan to the secured creditor. This can only be done if the age ...
What is a Wage Garnishment? A wage garnishment is a separate post-judgment proceeding filed by a creditor. “Post-judgment” refers to a situation where the creditor has already filed a lawsuit against ...
When an individual person files a Chapter 7 bankruptcy case, they may have an opportunity to pay an auto lender, or a lender who took household goods as collateral, less than what is owed under the ...
