Koetting Ford’s Bankruptcy “roadmap to recovery PLAN” Re-establish the good things in life!
www.koettingford.com
618-452-5400
we believe: Bad
things can happen to good people.
With
the economy and escalating medical costs Bankruptcy is more than just a possibility, it’s a probability.
Everyone
can look back and say, “hind-sight is 20/20 and I probably should not have…..” People going through tough financial times feel hopeless and need a trusted advisor to help guide them to financial recovery. The prospect of a new vehicle provides a ray of hope, self worth, and self respect that otherwise has been drained from them during their tough financial times.
www.koettingford.com
618-452-5400
We can help: Koetting Helps
Ford’s Bankruptcy “Roadmap to Recovery Plan”:
Attorneys assist their Bankruptcy Clients on discharging their troubled debt. Gives Attorneys a solid “road map” to fast track their Bankruptcy Clients to a solid financial recovery. Costs nothing to implement. Total benefit to the Bankruptcy Client. Builds the reputation of the Law Firm.
www.koettingford.com
618-452-5400
Our Commitment:
The Attorney representing the Client in Bankruptcy is Koetting Ford’s Client. We will not interfere with any advice that the Attorney has given to the Bankruptcy Client. We will not hold ourselves out as bankruptcy experts. We are here to support both you the Attorney and the Bankruptcy Client. We will facilitate putting the Bankruptcy Client into an automobile to “better” his overall vehicle and financial situation. We will provide reliable transportation to the Bankruptcy Client as part of his “Roadmap To Recovery”. We will improve the Bankruptcy Client’s financial situation during the recovery process of “Life After Bankruptcy”. We will help the Attorney both discharge problem debt, and put the Bankruptcy Client in a better overall financial position as he makes the transition back to being a viable consumer with dignity .
www.koettingford.com
618-452-5400
Myths and Misperceptions: Bankruptcy
must be discharged prior to obtaining a new loan. Reaffirming on a vehicle loan is the only way to ensure transportation after bankruptcy. New Bankruptcy Clients have to resort to “Buy-Here-Pay-Here” dealerships for vehicles. New loans will carry extremely high interest rates. New
Bankruptcy Clients can refinance their loan after 12-24 months and lower rate and payment. By reaffirming, the reaffirmed lender will report to the credit agencies, re-establishing credit after bankruptcy. New Bankruptcy Clients will be treated like second class citizens.
www.koettingford.com
618-452-5400
Myth Busters:
Koetting Ford’s Bankruptcy “Roadmap To Recovery Plan” works as soon as there is an active Case number. Discharge not needed. Works even before the 341 meeting.
Reaffirming on a vehicle could be a disservice to the Bankruptcy Client. Older vehicle out of warranty. Significant “out-of-equity” position on current vehicle. Potential cross collateralization situation with other debt, particularly with Credit Unions . Koetting Ford’s Bankruptcy “Roadmap To Recovery Plan” provides an alternative to “Buy-Here-PayHere” dealerships with nicer, newer vehicles with warranty backed by an established franchised dealership. Though interest rates are higher than “A Tier” borrowers, Koetting Ford’s Bankruptcy “Roadmap To Recovery Plan” has a built-in systematic rate reduction feature that automatically reduces the interest rate over the term of the loan. Most lenders will not refinance a Bankrupt’s loan even after paying for 12-24 months. Factors include Loan-to-Value considerations, other post Bankruptcy credit reestablishment, and the Bankruptcy Client’s overall financial condition. Most lenders reaffirmed after bankruptcy stop reporting to the credit agencies. The loan is considered substandard by the Federal Regulatory Agencies. Koetting Ford’s Bankruptcy “Roadmap To Recovery Plan” provides the Bankruptcy Client dignity and hope during a very trying financial time.
www.koettingford.com
618-452-5400
The Plan: Koetting
Ford has partnered with the Leading Automotive Lender in the country specializing in “open” bankruptcy vehicle loans. The Plan costs nothing to implement. If your Bankruptcy Client meets the minimal requirements of our plan they can secure a vehicle loan prior to discharge. An active Case Number is all that is needed. The Plan assists the Attorney in determining the best alternative for his Client when preparing for the 341 meeting. Mechanical condition of Client’s current vehicle. Loan-to-value of Client’s current vehicle. Cross collateralization issues with Credit Unions. Complete and consistent reporting to the Credit Bureau Rating Agencies. A built in systematic Interest Rate Reduction Mechanism that reduces the Client’s interest rate by as much as Allows
car.
2% in the first year.
the Client to emerge from the bankruptcy process with a nicer, newer
www.koettingford.com
618-452-5400
Who we are: ď‚„Koetting
Ford, Inc. is a Family Owned Full Service Ford Dealership serving the St. Louis and the St. Louis Metro East Areas for over 30 years. ď‚„
Contacts: Kevin Grillion kevin.grillion@koettingford.com Josiah Casby josiah.casby@koettingford.com Marty McCabe marty@koettingford.com
Koetting Ford, Inc. 3465 Progress Parkway Granite City, IL 62040
618-452-5400 314-867-9219
www.koettingford.com
www.koettingford.com
618-452-5400