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Can I Keep My Car in Chapter 7 and Change My Mind Later?

Can I Keep My Car in Chapter 7 and Change My Mind Later?

Here’s one of the big advantages of Chapter 7 bankruptcy. You can keep paying on your car now, but then change your mind and give it back later.  You can give it back later without hurting your credit; and without owing any money.

Weekly News – February 7





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4th Cir.: Alig v. Rocket Mortgage- Concrete Harm required for Class Action Standing

4th Cir.: Alig v. Rocket Mortgage- Concrete Harm required for Class Action Standing

Ed Boltz


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Jumping Up: Bankruptcy Code Dollar Amounts Will Increase On April 1, 2025

An official notice from the Judicial Conference of the United States was just published announcing that certain dollar amounts in the Bankruptcy Code will be adjusted upward by 13.2004%, perhaps the largest increase to date. Inflation adjustments are made to certain Bankruptcy Code dollar amounts every three years, and these new amounts will apply to cases filed on or after April 1, 2025.