How Chapter 13 Bankruptcy May Reduce Your Principal Loan Balance

Submitted by Anonymous (not verified) on Thu, 05/30/2013 - 21:34

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Did you know that Chapter 13 bankruptcy may help you reduce your principal loan balance on certain secured debts? Many consumers may not realize they’d qualify to have debt such as a car loan reduced in order to establish affordable monthly payments. The concept is also referred to as a cram down. Understanding potential benefits may [...]