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In Chapter 13 Bankruptcy, you are only required to a pay a reasonable interest rate on your Car Loan. At the present time, we usually propose an Interest Rate of about 5%. If the Interest Rate on your Car Loan is higher than 5%, Chapter 13 could save you a significant amount of money in Interest Charges.
The Law Office of Gregory M. Wetherall is a debt relief agency that helps people file for bankruptcy relief under the Bankruptcy Code.
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