Your Car Has Been Repossessed. What Next?
If your car has been repossessed by your lender, you face more than the loss of your vehicle. If the car is sold for less than what you owe on it, you will also be responsible for the difference. A few weeks down the road, you may find that your bank account or wages have been garnished to pay off the auto debt.
At the Law Office of Weiss & Schmidgall, P.C., in Merrillville, Indiana, we offer a free consultation to discuss your options after a car repossession. Our attorneys serve clients in Lake and Porter counties of Indiana, including those as far away as South Bend and Lafayette. We also work with clients in the Chicagoland area of Illinois.
What Are My Options Following a Car Repossession?
As long as your vehicle has not been sold following the repossession, filing Chapter 7 or Chapter 13 bankruptcy will allow you to get it back. Once you get your car back, our lawyers may be able to modify the loan, allowing you to afford payments.
What if My Car Has Been Sold?
If your car has already been sold, you will not be able to get it back, but once the car sells, any outstanding auto loan debt will be unsecured. You may be able to discharge that remaining debt by filing for bankruptcy.
Free, Confidential Attorney Consultation
Call 866-858-4901 to discuss your options following a car repossession with an experienced bankruptcy lawyer. We offer flexible payment plans, and bankruptcy protection can begin with only $100 down to start your case. Day, evening and Saturday appointments are available as needed, so contact us today to schedule your consultation.
We are a Debt Relief Agency, We Help People File For Bankruptcy Relief Under the Bankruptcy Code.
