One of the first decisions people must make when contemplating a personal bankruptcy filing is the type or chapter of bankruptcy that they will pursue. Most individuals choose between Chapter 13 bankruptcy, sometimes called a wage-earner’s plan, and Chapter 7...
Having your car repossessed can feel devastating. One day it’s there, the next it’s gone and suddenly getting to work or taking your kids to school becomes a challenge. In Florida, lenders can act quickly when payments fall behind, but that does not always mean you’re...
Financing a vehicle is a common decision. Even people making competitive wages may not be able to pay in full for a vehicle. Financing the purchase is a reasonable choice, but it does come with a degree of risk. Specifically, the borrower is vulnerable to repossession...
Borrowing money to purchase a car requires a signed contract that essentially provides the bank a security interest in the vehicle, which also serves as collateral that secures the loan. Not making payments over a certain amount of time can result in that collateral...
Purchasing a vehicle can be a major deal. For some automobile owners, these are major purchases and can be a large portion of one’s monthly income when it comes to payments, insurance, gas and maintenance. Thus, when financial troubles hit, and can feel impossible to...
