WE CAN STOP THAT REPOSSESSION
Don't let them take your car
If you are being threatened with a repossession of your mobile home, car, truck or any other property, we can stop it cold. In some instances, we can help you recover the property after repossession.
Whichever type of Bankruptcy you choose, your creditors will be forbidden from repossessing your mobile home, car truck, boat or four-wheeler without Court permission.
In Chapter 7, you have the right to purchase the vehicle from your creditor for its fair market value, no matter how much you owe against it. We often see consumers who have given their old car as security for a loan and now they owe more than the car is worth. Chapter 7 gives you the ability to redeem the car without paying the full debt.
If you select a Chapter 13 bankruptcy, in most cases, you will not be required to make up the missed payments. It is even possible to lower the amount you owe to the fair market value of the vehicle and also reduce your interest rate and monthly payments.
