Phillip D. Hineman Bankruptcy Law Blog

Cramdowns and Scrape-offs

Thursday, January 21, 2010 by Phillip D. Hineman



Cramdowns and scrape-offs are special tools designed to help people
who have filed a Chapter 13 bankruptcy.  They are not available to
people in a Chapter 7.  First off is the cramdown.  If you have a car
that you have owned for more than two and a half years, your may be
able to force the lender to refinance at the car’s current value.  For
example, if you have a car that you’ve owned for 4... Read More

Posted at 18:11 PM  |  PERMALINK
Topic: Bankruptcy
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