By Scott Riddle Posted in Chapter 13,Chapter 7,Debt Collection & ForeclosureVehicle title loans (or title pawns) are big business in Georgia and other states. A title loan is a loan transaction whereby the borrower hands over the actual title of their vehicle to the lender in exchange for a short term loan based on the value of the vehicle. For example, if the vehicle is… Continue Reading
By Scott Riddle Posted in Bankruptcy Basics,Chapter 13As discussed in our posts on the Chapter 13 Plan and Disposable Income to be paid in the Plan, we are able to include in our budget the “ownership expenses” of vehicles, which basically means the monthly payments due on the car loan or lease (and not “Transportation Expenses” such as gas and maintenance). In… Continue Reading
