Stopping Repossession Of Your Car
You May Have Options To Keep Your Vehicles
Stopping repossession of a car is often a major concern for people who turn to us for debt relief. Our attorneys offer peace of mind even when a lender is threatening repossession. If you have fallen behind on your car payments, don’t wait. Call us for attorneys who may be able to identify a strategy for keeping your vehicle. There is no reason to live with the stress that debt and fear of repossession can inflict on your life. We may suggest options to prevent repossession:
- Debt consolidation
- Debt negotiation
- Debt settlement
- Reaffirmation agreement
While there may be other options to keep your automobile, filing bankruptcy may be a feasible solution. Bankruptcy should always be a last resort, but it should not be feared. Filing Chapter 7 or Chapter 13 bankruptcy puts an immediate stop to repossession and foreclosure actions. It also prevents lenders from harassing you and demanding repayment on most loans, including auto loans. If you are having severe debt problems and see nothing in the foreseeable future that will alleviate these problems, take action.
Put An End To Repossession And Creditor Harassment
An automatic stay will go into effect immediately. This prevents creditor harassment and repossession proceedings. If a lender continues to harass you or follow through with repossession, they face serious legal consequences. Additionally, if you want to keep your vehicle, you may be able to file Chapter 7 bankruptcy, classify your car as exempt, liquidate some of your other assets and be able to make full car payments with your additional funds. Chapter 13 bankruptcy will allow you to reorganize your debt and repay past due car payments over several years.
Before they become our clients, many people are convinced they will lose their car or have their homes foreclosed upon. They are often surprised to know they have many options. Contact us to explore all the legal remedies available for stopping repossession of your car.