Is your car being repossessed? There may be things you can do to stop it. Even if your car has already been repossessed, there may be steps you can take to get it back.
At the Law Office of Mark A. Skelton in Rogersville, we can help you explore options that can relieve you of debt and allow you to keep your car. To learn how Chapter 13 bankruptcy works to stop repossession, read the information below or contact us online to schedule a free consultation.
Chapter 13 Bankruptcy and Vehicle Repossession
If you are at risk for losing your vehicle, you can file Chapter 13 bankruptcy to immediately stop repossession. In Chapter 13 bankruptcy, a repayment plan is established, allowing you to repay a portion or all of your debts over a three- to five-year period at a reduced interest rate. This would allow you to catch up on past-due car payments.
If your vehicle has already been repossessed, it may or may not be too late to get it back. You should discuss your specific options with a bankruptcy attorney.
You should talk to a Hawkins County stop repossession attorney as soon as you suspect your vehicle will be repossessed. If you wait too long, you may lose your opportunity to save your car.
Contact a Kingsport Area Bankruptcy Attorney
Do you have questions about property repossession? Contact our law firm online or by telephone at 888-899-5564 to schedule an appointment with an experienced East Tennessee bankruptcy lawyer. We offer a free office initial consultation. In addition to regular business hours, we are available evenings and weekends by appointment at our Rogersville office.