Keep Your Car: Reaffirmation vs. Redemption Explained
Introduction: The Intersection of Transport and Insolvency In most of the United States, a car is not a luxury; it is a prerequisite for survival. Without a vehicle, you cannot get to work, you cannot take your children to school, and you cannot buy groceries. When facing Chapter 7 bankruptcy, the fear of losing this essential lifeline is often the primary source of anxiety for debtors. The...
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