Many people are stuck in vehicle loans where they owe more than the vehicle is even worth. Owings Law is able to help with these loans in several ways.
If your loan was taken out over 910 days prior to filing, we can cram-down the loan to the value of the car in a Chapter 13.
If your interest rate is high, we are able to reduce your interest rate in a Chapter 13.
In a Chapter 7, some creditors are willing to negotiate the debt to reduce the amount still owed.
In a Chapter 7, Owings Law works with 722 Redemption to finance a payoff on the current loan at the market rate. This new loan will reduce the total payment and potentially the monthly payment amount and/or the number of months remaining.
If your loan was taken out over 910 days prior to filing, we can cram-down the loan to the value of the car in a Chapter 13.
If your interest rate is high, we are able to reduce your interest rate in a Chapter 13.
In a Chapter 7, some creditors are willing to negotiate the debt to reduce the amount still owed.
In a Chapter 7, Owings Law works with 722 Redemption to finance a payoff on the current loan at the market rate. This new loan will reduce the total payment and potentially the monthly payment amount and/or the number of months remaining.