Helping You Make Sense of Arizona Car Repossession Laws
Will your financial problems lead to repossession of your car? They don't have to, but it is a possibility depending on your situation. To learn more about how Chapter 7 or Chapter 13 bankruptcy could affect your situation, it is important to work with a skilled bankruptcy attorney.
Dedicated Vehicle Repossession Prevention Representation
At The Roll Law Office, PLLC in Phoenix, we are committed to helping consumers protect their vehicles during bankruptcy. If you need a fresh start and a way to deal with overwhelming debt, you can count on us to provide you with the dedicated legal representation and compassionate support you need during this difficult financial time.
You need an experienced lawyer on your side. If you are considering bankruptcy as a way to wipe the slate clean and protect your car and other assets, contact us today for a free initial consultation with one of our bankruptcy attorneys.
Vehicles in Chapter 7 Bankruptcy
If you file Chapter 7 bankruptcy, in an effort to deal with your financial problems, including finding a way to prevent repossession of your vehicle, you must understand your rights.
An automobile loan is usually a secured loan, whereby the lender may seek to repossess the vehicle if the debtor fails to make timely loan payments. When you file for bankruptcy protection, an automatic stay will stop this process. Whether you can keep your vehicle after bankruptcy, will depend on many things, including the type of bankruptcy you file.
Vehicles in Chapter 13 Bankruptcy
If you file for Chapter 13 bankruptcy, it may be easier to keep your vehicle than it would be under the terms of a Chapter 7 bankruptcy. As part of your Chapter 13 repayment plan, you may be able to negotiate a repayment schedule for your vehicle that is more favorable to you than the current arrangement.
Not every case is the same. Depending on the specifics of your financial situation, your case may turn out differently than the typical Chapter 7 or Chapter 13 bankruptcy. To schedule a free bankruptcy consultation with one of our lawyers, call 602-652-2403, toll free 866-603-1533 or send us an e-mail.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.
