Losing Your Car Can Put Your Life On Hold
Get Relief With Chapter 13 Bankruptcy
You may be able to stop an auto repossession with a Chapter 13 bankruptcy. You may even be able to retake possession of your vehicle if it has been recently repossessed.
With Chapter 13 bankruptcy, you can pay back your past due auto debt gradually through a debt repayment plan. The repayment period lasts from three to five years. In addition to saving your vehicle, you may be able to discharge credit card debts, medical bills and other unsecured debts after the successful completion of your Chapter 13 plan.
What Is An Auto Loan Cram-Down?
Depending on the facts of your case, you may also be eligible for an auto loan cram-down. If your car loan is more than 910 days old on the day you file for Chapter 13 bankruptcy, you do not have to repay any portion of your auto loan that exceeds the current retail value of your vehicle.
Find Additional Relief Through Chapter 7 Bankruptcy
If you need to free up money to afford your monthly vehicle payment, Chapter 7 bankruptcy may provide the relief you require. If you are eligible for Chapter 7 bankruptcy, you may discharge credit card bills, medical bills and most other forms of debt, thus giving you sufficient financial resources to make your monthly auto payment. We are pleased to discuss these and other options that may be available to you during your free consultation.
Contact An Experienced Repossession Attorney
We serve clients throughout Northern California. To schedule a free consultation with an auto repossession lawyer at our firm, call (408) 298-8910 or 831-998-8144 or contact us by email. Evening and weekend appointments are available upon request.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.