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You have options for how to proceed using a automobile bank loan when filing a Chapter seven case, such as reaffirmation, redemption, or surrender. Moving into into a reaffirmation settlement can lead to new personal debt issues for those who default on your automobile bank loan payments after bankruptcy.A Chapter 13 bankruptcy filing may help you
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Repossession can be a probability should you employed your motor vehicle as collateral for your loan, whether that be for the acquisition of the car or truck or A different function. Should you don’t honor your financial loan agreements, your lender can—and certain will—place your automobile or car or truck up for repossession.So, Should your
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