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In this tutorial, John Skiba from the Consumer Warrior YouTube channel addresses common misconceptions about car loans in bankruptcy. He discusses the process of keeping your car during bankruptcy, explaining what a reaffirmation agreement is and whether individuals should enter into one. Skiba emphasizes the distinction between secured debts, like car and home loans, which have collateral, and unsecured debts. He aims to clarify how these categories impact car loans in a typical Chapter 7 bankruptcy. Viewers are encouraged to subscribe to his channel for ongoing advice on managing serious debt issues.
