Chapter 13 Bankruptcy is a good option when you have high interest rates on car loans, owe more than what your car is worth, or need to reduce your car payments

In a Utah Chapter 13 plan we can usually lower your car payments and often save you money over the long run. If you have refinanced your car or purchased it more than 2½ years (910 days) of the bankruptcy filing then you only have to repay what the car is really worth rather than the full amount owed. Even if the car was purchased less than 2½ years ago, we can still reduce the interest rate and reduce your payments by spreading payments out over a period of up to five years.

It may not sound like much, but these changes often save you thousands of dollars.

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