Question for someone who has been down this road:
I live in TX (don't know if that matters), and I'm going down the CH 7 route now. My car is $32k underwater and I would like to redeem it for market value. The car loan is just under 2 years fresh (never missed a payment). I know in a CH 13 this would disqualify it for a "cram down", but does that apply to a redemption in CH 7?
Thanks in advance.
I live in TX (don't know if that matters), and I'm going down the CH 7 route now. My car is $32k underwater and I would like to redeem it for market value. The car loan is just under 2 years fresh (never missed a payment). I know in a CH 13 this would disqualify it for a "cram down", but does that apply to a redemption in CH 7?
Thanks in advance.
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