The Chance to Stop Repossession of Your Car
Living in fear of a pending car repossession keeps you looking over your shoulder. Every phone call or knock at your door brings anxiety. If you have fallen behind on your car payments and your bank is threatening repossession, you need to act fast. Ownership of a motor vehicle can impact your ability to hold down a job.
At the Reed Law Firm, P.A., we help South Carolina residents assert their rights to bankruptcy protection and stop repossession of a valuable asset.
Bankruptcy stops repossession of your car. Contrary to what you may have heard, the filing does not accelerate the process. For the help you need and the hope you want, contact our Columbia based firm at 803-807-2565 or our Florence law office at 843-536-0073 today.
Flexibility Through a Chapter 7 Bankruptcy Filing
A Chapter 7 bankruptcy will stop repossession of a car or any other secured loan. However, you must continue to make payments toward that valuable asset. While Chapter 7 is a debt discharge, your car loan will not likely be wiped out with your unsecured debts. What it does provide is much needed flexibility.
Repay Your Car Loan Through Chapter 13 Bankruptcy
Opportunities to keep your car and even pay a lower monthly payment exist with an attorney at our firm filing Chapter 13 bankruptcy. Your loan could be redone over the life of the debt repayment plan based on the current value of your motor vehicle. You receive not only the chance to start over, but also make a more affordable payment.
Contact Us
For more information or to schedule an appointment with an experienced lawyer regarding a personal bankruptcy filing to stop vehicle repossession, please contact us.
