Hi, thanks for your question. You should hire a lawyer for specific legal advice. No attorney client relationship is created here. If the title loan company has the title, it's a secured debt. So you can pay the creditor the fair market value with some interest, usually prime, and pay the remainder as unsecured. Absent value objection by the creditor, the court should allow it
Unfortunately, you cannot force the creditor to give the title back. They can retain that until the discharge or note is paid in full, whichever comes first.
there is no way to avoid the lien, sorry
usually the values are really low, it's rare I ever even hear from a title loan company..they just want something
any other questions?
I guess then you are saying that it needs to be listed as a secured debt. Is that correct?
Thank you very much...Sorry for one more question, but it seems you are telling me that I can do a "cramdown" on the vehicle...Is that correct? I thought that you had to have borrowed the money more than 910 days earlier or something like that.
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