10. You may be able to Reduce the Interest Rate on your Car Loan

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.

Types of Bankruptcy

Chapter 7
Chapter 13

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