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Recent Bankruptcy Car Loan News:
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Platinum Properties LLC, an Indiana residential real estate developer, filed for bankruptcy and sued one of its banks to prevent it from winning a claim.
Chrysler Group LLC, which came to the brink of collapse before a federal bailout in 2009, plans to fully repay more than $7 billion in loans from the U.S. and Canadian governments by the end of June.
Chrysler intends to sell bonds to pay off its loans — $5.8 billion form the United States government and $1.7 billion from Canada’s — by the end of May.
Soon after Indiana state Senator Ed Charbonneau introduced legislation in January to bolster cash- strapped cities on the verge of bankruptcy, he got an unexpected phone call.
Make sure you're legally protected if a relative goes bankrupt, and be cautious with financial help.
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