Brad Weil Law > Articles by: Don Phillipson

Researching Forms of Bankruptcy: Chapter 13

Are you considering bankruptcy but are confused by your various options? After all, what are the differences between Chapter 7 and Chapter 11? And what about Chapter 11 – who has even heard of that one!

If you’d like to do your research from the beginning, use our blog as a resource. Click on the topics below and go right to the information you’re wondering about. Let’s start with Chapter 13.

Car Loans and Chapter 13 Bankruptcy

There are many reasons for people to file for Chapter 13 bankruptcy. One reason in particular is the effect it can have on your car loan. People in Chapter 13 have a chance to reduce their interest rate on a car loan. People with a poor credit rating often get a terrible interest rate on their car loan — 15, 20 percent and even higher. (Learn more about your credit rating here.)