Debtor Attorney Information

For your clients who file a Chapter 13 bankruptcy with either a subtantially under-secured automobile loan or with a vehicle which is not likely to last the term of the plan, a better alternative to full balance reaffirmation may be to purchase a replacement vehicle. TCA offers your client the opportunity to obtain post-petition financing for the purchase of a new or late model, low mileage manufacturers warranted vehicle at an affordable monthly payment. Replacement financing offers the debtor an opportunity to surrender the 910 vehicle and re-establish their credit when doing so would provide a significant financial benefit.

For your clients who require post-Confirmation financing when a vehicle breaks down during the plan and the cost of the repairs exceed the value of the vehicle, TCA may provide replacement vehicle financing, which greatly increases the chances of the plan's success while also re-establishing their credit.

For your clients who have a lease which is expiring during the plan, TCA may provide financing for the purchase of the lease buyout.

Conditions apply, subject to approval. Loans will be made pursuant to Department of Corporations California Finance Lenders Law License.

TCA will provide all the support and documentation necessary to obtain the requisite Court approval.

Download application form (PDF, 53kb): Application for 910 Program