A claim is a term used to describe the outstanding debt a person owes to a specific creditor. In bankruptcy, a creditor must file their claim first in order to receive payment. There are two types of claims that a creditor can file – secured and unsecured. The main...
Car Loans
Can You Get a Car Loan After Bankruptcy?
Getting a Car Loan after Chapter 13 Bankruptcy or Chapter 7 Bankruptcy Consumers can file for Chapter 13 and Chapter 7 bankruptcy. With a Chapter 13 bankruptcy, you get to keep your possessions and pay the debt through a three to five-year repayment plan. This plan is...