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Posts from May 2018

How Bankruptcy May Save Your Vehicle


In 2017, there were an estimated 1.8 million vehicle repossessions. Despite this number, most lenders do not want to take this step because it costs them money. They pay to tow and store the vehicle, and the resale amount rarely covers the balance of the remaining loan. Creditors often work with clients who file bankruptcy to help them keep ownership of their vehicle. 

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