Wootton & Wootton, P.C.

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Posts tagged "Chapter 13 Bankruptcy"

Auto repossession and Chapter 13 bankruptcy

For many North Carolina residents, their car is a necessary item that allows them to go to work or attend school. However, some people may face serious financial difficulties that prevent them from paying off their car loans. As a result, they may face the threat of repossession. People can contact their lenders and attempt to negotiate a solution, including changing the payment date, deferring the loan, or modifying the terms.

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