Charlotte Car Repossession Lawyer

Charlotte Car Repossession Attorney Serving North Carolina

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.

Legal Help in Huntersville to Prevent Repossession

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.

Lawyers in Concord Using Chapter 13 Bankruptcy to Stop Repossession

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.

Blossom Law PLLC is committed to putting your priorities first during bankruptcy.

Gastonia Attorneys Protecting Personal Vehicles During Chapter 7 Bankruptcy

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.

Contact a Mecklenburg County Lawyer for Stopping Repossession

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.