Record $866 Billion in Car Loans
Finance companies have once again sucked the consumer into debt on long-term car loans. All time record exists on car loans owed to finance companies. Many of those loans are an average of 67.2 months in length. This means that you are most likely upside down in your loan; in other words, the car is worth less than what is owed on it. It is not your fault if you find yourself in this situation.
Chapter 7 or Chapter 13 Protection from Creditors give you many options. One of which may be to restructure that loan and keep your car. The Aldred Law Firm is on the cutting edge of providing relief to you the consumer or debtor on this and many other bankruptcy protection options.