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| 11271 Ventura Blvd. |
| Suite 473 |
| Studio City, CA 91604 |
| Phone: 877-479-7970 |
| Fax: 888-509-8864 |
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| Warner Center Towers |
| Phone: 877-479-7970 |
| Fax: 888-509-8864 |
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| Watt Plaza |
| Phone: 877-479-7970 |
| Fax: 888-509-8864 |
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| Fashion Island |
| Phone: 877-479-7970 |
| Fax: 888-509-8864 |
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Repossession
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If you have fallen behind on your car payments, or payments on a secured loan, the lender may be able to repossess the collateral. In certain instances, you may be able to file bankruptcy and obtain relief from repossession.
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Filing for Chapter 13 bankruptcy at any point before the auction date halts the foreclosure proceedings. It allows you to work out a plan with the bankruptcy court to repay the arrears within three years. As long as you can keep current on new payments and pay a portion of the back payments each month, the lender cannot take your home.
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Chapter 13 and Car Repossession
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Chapter 13 bankruptcy is an option for most people in debt. Even if your car has been repossessed, in Chapter 13 bankruptcy it is possible to get your car back. Chapter 13 provides a way for debtors to get current on debts, including their car payments, through debt reorganization.
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Car Loan Reaffirmation
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In a Chapter 7 bankruptcy, you may reaffirm your obligations under your car loan and continue to make payments on your car. If you are in debt and are afraid of losing your car, our firm is able to help you. We can help you find the light at the end of the tunnel, help you take control of your finances and get a fresh start.
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Contact us at 877-479-7970, or e-mail us at info@law-thomas.com, to arrange for a confidential complimentary consultation on your financial needs.
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