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Protecting present home equity is a sensible focus when considering bankruptcy. Protecting future potential equity can be even more important.

You can protect the equity in your home if the amount of equity is no more than the homestead exemption applicable to residents of your state.

Besides helping with your mortgage, bankruptcy protects your home against other liens—from judgments, income taxes, and homeowner associations.

Bankruptcy can save and protect your home in many different ways. One of these may be just what you need. Or you may use them in combination.

Cramdown lowers vehicle loan payments and the total paid on the loan. But you can also get similar benefits on other personal property debts.

Here’s an example of vehicle loan cramdown that shows how you can reduce your vehicle payments and be free and clear after paying less.

Vehicle loan cramdown doesn’t just likely reduce your vehicle payments and the total you pay. You’d also not have to catch up on late payments.

To qualify for a Chapter 13 vehicle loan cramdown, mostly your loan must be at least two and a half years old. There are exceptions to this.

If you can’t afford to pay your vehicle payments even after writing off your other debts under Chapter 7, consider a Chapter 13 loan cramdown.

Can you keep your vehicle without reaffirming its loan? Can you make the payments without reaffirming? What if you can’t afford the payments?