It’s a little-known secret — and too infrequently exercised right of a debtor — to “redeem” a car in Chapter 7 bankruptcy, that is, take the car back from the lender at what the car is worth, not what you owe.
Yes, you heard that right: A debtor in Chapter 7 bankruptcy has a right to take his or her car back from the lender at what the car is worth.

BY Nino Hervias Gloria Guerra Over the past four years, the rise of Uber and other for-hire app-based car services — and the failure of New York City to properly regulate their operations — has decimated the value of taxi medallions.

Ten Things You Need to Know Before Filing Bankruptcy
Bankruptcy is a tool.  Any tool can be misused which can cause you serious damage.  Ask the idiot who sticks a screw driver in a live electrical socket.

When you file either a Chapter 7 or a Chapter 13 bankruptcy, you are allowed to declare certa

When you file either a Chapter 7 or a Chapter 13 bankruptcy, you are allowed to declare certain

When you file either a Chapter 7 or a Chapter 13 bankruptcy, you are allowed to declare certa

Provided below is sales data from the sale of 19 taxi medallions as reported by the TLC for December 2017. The foreclosure sales prices for the four medallion sales (two at $750,000, one at $400,000 and one at $210,000) may be inflated because banks “credit bid” at those foreclosure sales (they bid up to the amount of their loan balances); therefore, they may not accurately reflect the fair market value of a taxi medallion.