Stopping Vehicle Repossession
If you have fallen behind on your payments and facing an vehicle repossession, our attorneys are here to help you halt the repossession act and get your finances back on track. When you’re threatened with repossession, there’s still a chance to keep your assets by filing for Chapter 13 bankruptcy.
When you fall behind on car payments or can no longer afford your loan, you may begin to receive harassing calls from debt collectors who threaten to repossess your vehicle. Once repossessed, your timetable to recover your vehicle is short. In the event that your car is taken away, you have as few as 15 days to recover it before the creditor is able to resell it or send it to auction.
If you are falling behind on your car payments or your car has already been repossessed, it is important to get help as soon as possible. Our law firm can help you keep your vehicle and understand your debt relief options so you can avoid this circumstance all together.
- Asset Protection
- The Automatic Stay
- Avoiding Wage Garnishment
- Stop Creditor Harassment & Collection Calls
At The Law Offices of Ronald I. Chorches, that is exactly what our knowledgeable attorneys do. Based in Hartford, our firm represents individuals throughout Connecticut who are looking for help stopping repossession.
Avoiding Repossession With Bankruptcy
Although bankruptcy often carries a negative social stigma, the reality is that it is a powerful tool for managing debt, getting caught up on arrears and getting a fresh start. Chapter 13 bankruptcy is especially useful for asset protection and avoiding repossession, as it enables you to get caught up on car payments, eliminate other debt and protect your assets while setting up a plan for you to manage everything with one affordable plan payment.
Depending on your circumstances, a Chapter 13 bankruptcy will last anywhere from three to five years. During that time you will be able to eliminate much of your debt and we’ll help you develop a payment plan to pay the rest back in three to five years. In the meantime, you’ll be able to keep your car and other valuables. Other advantages to declaring Chapter 13 bankruptcy include:
- stopping foreclosure actions
- rescheduling secured debts
- lowering payments over a longer lifespan
- extending protection to co-signers
Additionally, one of the most attractive aspects of chapter 13 is that you are able to consolidate all your loans into a single monthly payment.
Keep Your Car With Bankruptcy Alternatives
Chapter 13 bankruptcy is just one available option for stopping repossession and getting debt under control but depending on your situation, you may be eligible for other kinds of debt relief options. Our lawyers will take the time to understand your unique circumstances and needs, and determine if bankruptcy is truly the best approach for keeping your car or whether other options are available to you.
Get In Touch With Us
Let our law firm help protect you from repossession today. You can reach our law office today by calling us at 860-563-3955 or by filling out our online consultation form and sending us an instant message.