Mount Laurel Chapter 13 Bankruptcy Attorney | New Jersey Automobile Payment Lawyer
HomeMount Laurel Chapter 13 Bankruptcy Attorney | New Jersey Automobile Payment Lawyer
Chapter 13 Bankruptcy & Automobile Payments
Helping You Avoid Outrageous Car Payments
If you need a car but have poor or weak credit, you can pay far more for your car than it’s worth. An unscrupulous car dealer who senses your desperation will offer to finance your purchase. What you often don’t know is that, in addition to charging you a high rate of interest, the dealer has also inflated the price of the car, often way above its fair-market value. You can get relief, though, and keep your car by “cramming down” your car loan in a Chapter 13 bankruptcy filing if you meet certain conditions You want an experienced and knowledgeable lawyer to guide you through the process, though, so that you derive the outcome you expect.
At Taieb Law, we bring more than 26 years of bankruptcy law experience to people throughout South Jersey. Steven Taieb is one of only six lawyers in the state to be board certified in consumer bankruptcy law by the American Board of Certification. Because of his experience, he understands how people can land in financial difficulty. In addition to providing legal counsel on bankruptcy matters, he has also written a book entitled The Debt Trap: How Your Life Choices Impact on Your Financial Future, a financial management guide for people from all walks of life.
In a Chapter 13 bankruptcy petition, you can negotiate new payment agreements with your creditors, often extending the term of a car loan and/or reducing the interest rate you are paying. If your car loan is older than 910 days, you can also “cram down” your loan. In a cram-down, you can reduce the principal balance of the vehicle to its fair-market value. This allows you to restructure your payment, making it more affordable, and keep your car.
When you retain Taieb Law to handle a Chapter 13 filing, we will prepare and file all documents required during the process, and will be your advocate with creditors, the court and the bankruptcy trustee. We have a comprehensive understanding of all the tools and strategies available under the bankruptcy laws to help you get your finances under control.
We are a debt relief agency and are pleased to help clients file for bankruptcy relief under the U.S. Bankruptcy Code.
Taieb Law brings more than 26 years of experience to people throughout South New Jersey including Mount Laurel, Cherry Hill, Mount Holly, Pennsauken, Willingboro, Maple Shade, Lindenwold, Cinnaminson, Collingswood, Haddonfield, Pine Hill, Marlton, Burlington and Audubon, NJ.