Preventing Repossession Of Your Assets
At the law firm of Marrs & Terry, PLLC, we are committed to helping clients avoid vehicle repossessions through filing consumer bankruptcy. Securing an automatic stay through Chapter 7 or Chapter 13 bankruptcy protects clients from creditors and the risk of vehicle repossession. We also advocate for clients seeking to regain possession of their car, after falling behind on their payments.
If you are at risk of losing your car, entrust the Ann Arbor bankruptcy attorneys at Marrs & Terry, PLLC to help you avoid losing your car. We offer an extensive background helping clients obtain debt relief through Chapter 7 or Chapter 13 bankruptcy. During an initial consultation, we will explain how filing for bankruptcy stops repossessions. Contact our law firm online or call 734-663-0555 to learn how we can help you. We bring more than 18 years of experience to every case and we offer in-home appointments upon request.
How Bankruptcy Can Help You Keep Your Property
If you are in danger of losing your car, motorcycle or another vehicle, filing Chapter 7 or Chapter 13 could provide you with the relief you need. Generally, creditors are prohibited from repossessing individuals’ cars after they file for bankruptcy without permission from the Bankruptcy Court.
At Marrs & Terry, PLLC, we understand you may feel overwhelmed not knowing if consumer bankruptcy is the right solution for you. Our firm’s bankruptcy lawyers have a clear understanding of the car repossession laws creditors must follow. We are available to help you make a well-informed decision through outlining how filing Chapter 7 or Chapter 13 bankruptcy stops repossessions, such as:
- Chapter 7 bankruptcy — If you file Chapter 7 bankruptcy, you will be able to keep you car, as long as you continue making your regular payments. You can also choose to turn over your car in full satisfaction of the debt owed under Chapter 7 bankruptcy.
- Chapter 13 bankruptcy — If you’re behind on your vehicle payments, Chapter 13 bankruptcy may allow you to pay the market value of your car without covering how much you owe on it. The attorneys at our law firm are committed to helping you keep your car, while proposing a plan for you to repay any past due payment over three to five years. If your car has already been repossessed, we can help you file Chapter 13 bankruptcy to get your car back before your lender sells the vehicle.
Contact A Strong Advocate To Protect You
During an initial consultation, we will explain how filing bankruptcy stops repossession. Contact us online or call 734-663-0555 to schedule a consultation at one of our six office locations in Ann Arbor and Jackson.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.