LEGAL GUIDE
Written by attorney Jonathan C. Ginsberg | Jul 25, 2017

Facing an Emergency Repossession Threat - Here’s What to Do

Your car or truck is at risk for repossession if you are even one day late with your payment to your vehicle finance company. The terms of many vehicle purchase installment contracts say that your loan will go into default either immediately or within a few days of that missed payment. Once your loan is in default, the lender has the legal right to pick up or repossess your car or truck without any notice or warning to you.

As I discuss in this video, you can stop a looming repossession by filing a Chapter 13 bankruptcy and I can get your bankruptcy case filed within a few minutes. However, I can’t file your bankruptcy case until you obtain a credit counseling certificate.

If you know that you have or or about to miss a payment, take the proactive step of calling a bankruptcy lawyer sooner rather than later. We can advise you about your options, even if you see the repo truck circling your block.

And if your car or truck has already been seized it is not too late - your bankruptcy lawyer can probably get your vehicle back if you act quickly. #atlantabankruptcy #atlantabankruptcyattorney

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