Reducing Car Payments through Car Redemptions
Experience in Debt Reduction and Car Redemption
At the law firm of ROWE BARNETT PLLC, located in Rockville and Greenbelt, Maryland, we can help you reduce your car payments while keeping your car. How? Through legal procedures laid out in Section 722 of the Bankruptcy Code.
722 redemptions, called car redemptions, work as follows: if, for instance, you paid $30,000 for a car that is now valued at $15,000, we can work to have your car debt reduced to $15,000. The result may be, for instance, a payment change from $600 to $300 a month.
Are you “underwater” on your car? Do you owe far more for your car than it’s worth, and are having trouble making your car payments? Contact the experienced car redemption attorneys of ROWE BARNETT PLLC at our office at 1-888-340-7583.
722 redemptions, also known as car redemptions, can greatly reduce monthly expenses for car owners. At ROWE BARNETT PLLC, we have helped numerous Maryland and Washington, D.C., area residents quickly reduce monthly expenditures through car redemption actions, as well as from:
- Chapter 7 bankruptcy and Chapter 13 bankruptcy
- Home loan modifications
- Lien stripping
- Late payment workouts
- Medical bill debt and credit card debt relief
The criteria for taking advantage of car redemption laws and other laws and acts designed to help you cope with financial challenges is complex. The best way to learn more about your options is by speaking to an experienced asset-protection attorney. For answers to your car redemption questions and other questions regarding debt relief, contact our firm for a free initial consultation.