Threats of repossession can be frightening. While many types of property could be subject to repossession, these cases normally have to do with vehicles. Having a car is non-optional in many parts of North Carolina. You may need it to get to work, to transport your children around, or just to get to the nearest grocery store. Even if you are behind on payments, you would likely find yourself in a very difficult - and embarrassing - situation should your loan company go through with repossession. Luckily, there are ways out of your situation. Bankruptcy is not a dirty word - it is a path to becoming debt-free while avoiding repossession in the process.
Blossom Law PLLC can help you save your car or other belongings from repossession through bankruptcy. Our goal is to help you find a path to a new, debt-free life. We understand that even those who have been responsible can find themselves in a difficult financial situation after one of life's unexpected twists and turns. Bankruptcy is not the end - it is a new financial beginning.
With guidance from our knowledgeable lawyers, you will start by choosing a type of bankruptcy to file. Either type of bankruptcy - Chapter 7 or Chapter 13 - can stop an imminent repossession in its tracks, but by different means. The type of bankruptcy used will depend on what other debts you owe and what your other goals are. Blossom Law PLLC will be there to inform your decision.
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Chapter 13 bankruptcy is most commonly used when stopping repossession is the main goal. The second we file for bankruptcy on your behalf, the court will automatically issue an order that prevents your creditors from trying to collect on your debt, including by repossessing your car. This order stays in effect while your bankruptcy action is pending. In some cases, it may be possible for a repossessed vehicle to be returned to you once an agreement is reached.
This form of bankruptcy is more like a restructuring of your debts. Unlike credit card or medical debt, auto loans are secured by the vehicle and are a high priority for repayment. Your auto loan and most other types of debt you owe will be effectively bundled - and often reduced significantly. Then, you will make one monthly payment for a predetermined amount of time, usually five years or less.
Your vehicle will not be repossessed, but you will continue paying towards the debt. These monthly payments are calculated to roughly equal your disposable income. They are not always easy, but they are temporary, usually lasting three to five years.
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Even if you still owe money on your car, there are ways you can stop it from being repossessed during your Chapter 7 bankruptcy. Depending on how much you owe on your car, how much it is currently worth, and a few other factors, you may have multiple options for keeping your car. If this is important to you, we will strive to keep your car in your possession.
If you are facing repossession, Blossom Law PLLC can help. We are adept at using bankruptcy to help people keep their vehicles while offering relief from their other debts. Call us at 704-256-7766 or contact us online to schedule a free consultation.Bankruptcy Chapter 7 and Chapter 13 do offer the protection under the automatic stay; however, there may be a better option for debt relief concerning your auto loan. Contact our law firm to schedule a free debt evaluation with an attorney. Next, the attorney can help you to understand your rights and options to stop a vehicle repossession. A stop repossession attorney can assist you and work through your options as it relates to an auto repo.
Having transportation for work and family is a priority to most Arizona residents. If you struggle to keep up with monthly car payments and/or meet your financial obligations, contact our law firm. Take control of your financial debt situation. Arizona Zero Down Bankruptcy legal staff can provide the bankruptcy legal representation to stop a repossession.
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Under the Arizona bankruptcy protection law, the bank may not repossess a vehicle without first getting permission from the court once a Chapter 7 or Chapter 13 bankruptcy petition has been filed with the bankruptcy court. A Chapter 13 filing may lower an auto loan payment and eliminate loan defaults through a payment plan which pays creditors and loan payments.
In many situations, it is possible to keep your vehicle in a Chapter 7 bankruptcy, as long as you remain current on your loan. A bankruptcy attorney at our firm can help to stop repossession in Arizona.
When you are behind on vehicle payments to your lender, typically a repossession action is taken. Your auto may be repossessed by the lender at any time. How does filing bankruptcy stop repossession? Filing bankruptcy stops the effort to repossess. Debtors are entitled the protection of the automatic stay in Chapter 7 and Chapter 13 bankruptcy cases. This means the automatic stay provision immediately stops creditors and lenders from any debt collection, including vehicle repossession. Also, if you have filed bankruptcy with the Arizona Bankruptcy Court, no legal action cannot be taken against you.
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Arizona bankruptcy exemptions are available that can be applied to the equity of your vehicle. An Arizona Zero Down Bankruptcy attorney will discuss these exemptions and how they apply to your specific debt situation. Our attorneys are experts at navigating the bankruptcy filing process, which can be complex depending on the case. No matter the financial issues, our legal team will find the best method of debt relief for your unique case.
We accept bankruptcy clients throughout Arizona. No office visit necessary. We provide experienced bankruptcy services with personal and professional attention throughout the legal process.
Clients who call upon our services have overwhelming debt caused by life circumstances. We understand that Arizona residents are faced with difficult financial situations that result in debt. We are here to help you get out of debt, and our team will be with you throughout the bankruptcy process.
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When you consult with Arizona Zero Down Bankruptcy Law Firm, your case becomes a priority. An attorney will explore all legal options available for you to eliminate debt. Our legal team will help you to understand the bankruptcy process, and explain your rights as a debtor. Through effective communication and dedication to clients, Arizona Zero Down Bankruptcy provides clients with expert legal representation. We listen to your concerns about your debt, and offer legal services that will produce the best possible outcome for your financial needs.
Consulting with an attorney at Arizona Zero Down Bankruptcy allows clients to ask questions and get options for their debt situation. Every single debt relief case is unique. Our experienced attorneys know the most effective methods to eliminate debt. We provide legal representation with our clients’ needs in mind. If you are afraid of filing bankruptcy, we can discuss options. Many Arizona residents are faced with some real debt, and filing for bankruptcy may be the most viable option for a promising financial future. Our firm helps clients after a discharge to immediately begin rebuilding credit and gives advice on how to get credit restarted.
Filing bankruptcy is an important decision, and our law firm specializes in assisting individuals and families across Arizona realize that there is a future without debt. Because our attorneys have experience and knowledge in the Arizona Bankruptcy law, we know how to best serve clients that need debt relief. Also, our lawyers will deal with harassing creditors, stop a wage garnishment, end a foreclosure, and eliminate or reduce debt. We take pride in our reputation of client satisfaction with our firm. Arizona Zero Down Bankruptcy is focused on the best interests of each client as their needs relate to their specific case.
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Hiring a law firm and attorney to represent your bankruptcy petition is a big deal. You want to find a lawyer who will return phone calls promptly, communicate openly, listen to your concerns, provide adequate answers to questions, and to be right by your side throughout the bankruptcy process. Our team believes in treating clients with respect and giving honest and appropriate advice. It is typical that a client is anxious, intimidated, or even overwhelmed by filing for bankruptcy. We are the experts, and we will take care of every legal aspect, details, deadlines, and paperwork that are required of a bankruptcy petition.
If you are facing an auto repossession, contact our Arizona Zero Down Bankruptcy attorney. Our attorneys help clients understand the bankruptcy process as a solution to debt relief needs. The legal staff at our law firm will ensure that your rights as a debtor are protected, and that you understand the debt relief process as it pertains to your specific financial debt situation.
Arizona Zero Down Bankruptcy attorneys can help you keep what is important to you and your family. If you are facing a foreclosure, contact our firm for assistance. Our lawyers give professional advice whether or not bankruptcy is the best option for your debt relief
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