Don't Let Them Take Your Vehicle!
When you are unable to make your car payments or other loan payments, creditors and collection agencies are able to repossess property used as collateral. If you are at risk for repossession, you need the help of an experienced Mississippi bankruptcy lawyer.
At the Law Office of Giles W. King in Southaven, Mississippi, I provide people with the experienced legal representation and quality personal service they deserve. I am licensed to practice in both Mississippi and Tennessee, and I will help you explore all your options for stopping repossession for an auto loan default.
If you are behind on your payments and concerned that the "repo man" will take your property, call my suburban Memphis office at 662-298-4597 or 888-549-3902 to schedule your free initial consultation.
Southaven Stop Repossession Attorney
While auto repossessions are the most common type of repossession, any property that was used as collateral can be repossessed due to your debt woes, including:
- Your car or truck
- Home furnishings
- ATVs and motorcycles
- Boats
- Campers
For many people struggling with debt, filing for Chapter 7 or Chapter 13 bankruptcy is their best option for achieving a fresh financial start and avoiding repossession. Once creditors are informed of your bankruptcy, they are required by law to stop repossession actions.
In a Chapter 7 bankruptcy, you can surrender the car (or other asset) and not owe any money to the lender, or you can arrange to keep your car if you can pay the past due amount.
In a Chapter 13 bankruptcy, you may be able to refinance your auto loan based on the present value of the car instead of the full amount of your original loan. A Chapter 13 plan also allows you to catch up on your missed car payments over the course of several years.
Put the Law on Your Side
Once you have filed for bankruptcy, creditors are in violation of bankruptcy law if they try to repossess assets. Talk with a Southaven and Olive Branch car repossession attorney to learn more about how you can achieve a fresh start and stop repossession. Contact my bankruptcy office today to schedule your free consultation.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.
