If you are struggling with high car payments or other debts, CBG Law Group, PLLC, may be able to assist you. We are experienced at providing debt relief to individuals throughout Washington by using a loan restructuring process called a cramdown. Our experienced team may be able to reduce your monthly payments, reduce the time you have your loan and help you get the fresh start you need.
Call 425-283-0432 or contact our Bellevue cramdown law firm online to set up your free initial consultation. We will assist you in developing a long-term financial plan that removes the stresses debt can cause.
By utilizing the power of the bankruptcy process, we are able to modify your loan terms and interest rates, allowing you to breathe easier while making payments. This process is known as a cramdown. Basically, your Washington bankruptcy lawyer is able to make the value of your loan equal the value of your car or other collateral.
This means that if you have a loan for $10,000 on your car, but the vehicle is really only worth $5,000, it may be possible to change the terms of your agreement so that you only owe $5,000. This process is not simple, however, and it is critical to speak with an experienced attorney in order to ensure that everything runs smoothly.
For certain items, such as your car, there are requirements that must be satisfied before you can proceed. In most cases, individuals cannot cramdown their car payments unless the loan has been due for more than three years. At CBG Law Group, PLLC, we have a firm understanding of the rules and limitations surrounding all of your property and will explain them to you while guiding you through the debt relief process.
At the Bellevue cramdown law firm of CBG Law Group, we help individuals remove the stresses of debt. Contact our Washington law office today for a free initial consultation. You may also call us to set up a time to speak with an experienced attorney at 425-283-0432.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.