by Walter Metzen | Aug 30, 2021 | Chapter 13 Bankruptcy
It may be counter-intuitive to think that having more debt is better for a Chapter 7 or Chapter 13 bankruptcy proceeding. However, in the case of an automobile lien, this is actually true—within reason. Owning a vehicle free and clear is a righteous path...
by Walter Metzen | May 3, 2013 | Chapter 13 Bankruptcy, Chapter 7 Bankruptcy, Detroit Bankruptcy Blog
Chapter 7 For the average consumer, there are basically these two chapters available. Chapter 7 is the most common and in the typical case, you (and your spouse if you are married and file jointly) will keep all of your property while wiping out (getting a court...
