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A Chapter 7 bankruptcy case can stop a repossession or stop the creditor from offering the vehicle at auction. Nevertheless, the Chapter seven scenario only stops the repo temporarily. You will need to negotiate Along with the lender to operate something out, or you could redeem the motor vehicle.Even so, filing for Chapter thirteen bankruptcy isn'
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Chapter 7 bankruptcy is actually a frequently submitted for chapter of bankruptcy and is meant to be used by lower to moderate profits folks with additional financial debt than they’ll at any time be capable of repay.A demand off plus a repossession are two really different things—While both could happen to at least one personal debt. In this a
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