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Getting back your repossessed vehicle

Residents of Washington D.C. who have had their vehicle repossessed are in a huge bind. People use their vehicles to get groceries, make important doctor's appointments, and go to work to make a living. So what can be done if a vehicle is repossessed?

What is an unsecured debt?

As someone living in Washington, D.C. and contemplating bankruptcy, you've likely heard these two terms before: secured debt and unsecured debt. But what exactly is unsecured debt? What does it mean for you if you have unsecured debt?

Can filing for bankruptcy get you back your license?

Bankruptcy can be beneficial in numerous ways, from the obvious alleviation of financial debt and the stress that goes with it to much lesser-known benefits, and we at Ammerman & Goldberg Bankruptcy Law Office will shed light on both. For example, residents of Washington, D.C. who have had their license suspended may actually have a solution in filing for bankruptcy.

Keeping your property, even in bankruptcy

One of the most common concerns voiced by individuals who are considering bankruptcy is over losing important personal property. While you may have to relinquish certain assets if you file for Chapter 7, a popular choice for Washington D.C.-area bankruptcy applicants, this does not mean that you will have to give up everything.

The sickening cost of health care

How are you feeling today? If the answer is, "Not so good," you probably also have a stack of medical bills on your kitchen table. Even if you have health insurance, chances are you are struggling to pay medical debt for your injury, sudden illness or chronic condition. While 53 percent of people without insurance say they are having trouble paying for medical care, another 20 percent of those who have insurance are in the same boat.

Can you get your car back if it's been repossessed?

Washington D.C. residents who have had a vehicle repossessed like you may be wondering one thing: is that the end of the road for you and your vehicle? Once your car is repossessed, is that battle considered lost? Will you ever have the chance to get it back?

What can I keep? The liquidation process in Chapter 7 bankruptcy

As a consumer who is overwhelmed by debt, you know that bankruptcy offers you a way out of the cycle of minimum payments, compounding interest and outstanding balances. Like many consumers in the Washington, D.C., area, you may be hesitant to explore this option due to the stigma that is often associated with bankruptcy and concern over what will happen to your stuff. However, with Chapter 7 bankruptcy, you may have the option to both confront your debt and keep your possessions.

Reaffirmation agreements and Chapter 7 bankruptcy

When filing for Chapter 7 bankruptcy in Washington D.C., people are able to discharge a number of debts to help free them from their heavy financial burden. During the process, people may choose to relinquish the payments on certain loans, and as a result, risk losing the property that they are paying for. For example, people who file for Chapter 7 and fail to make their auto loan payments may have their car repossessed. However, they will no longer be responsible for their monthly car expense. In some cases, debtors may decide to reaffirm the auto loan, continue making payments and keep their automobile.  

What debts cannot be discharged in bankruptcy?

If you are thinking about filing for bankruptcy in Washington, D.C., it is important to gain a full understanding of what the process entails. Chapter 7 bankruptcy is often the most popular form due to the fact that you can discharge most of your debt. However, you should note that there is some debt bankruptcy cannot dissolve.

What happens during a meeting of the creditors?

If you have filed for Chapter 7 bankruptcy in Washington, D.C., you know there are a number of steps that must be taken before your case can be resolved. One such step is the meeting of creditors. This idea of this meeting may be a source of anxiety for you, as it is for others who are seeking debt relief. In order to ensure you are prepared, it is important for you to understand what happens during a meeting of the creditors.

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