Stopping Repossession With Bankruptcy
There are alternatives to repossession. If you are unable to make payments on your car or another secured loan, you are likely facing repossession. Or maybe you are in the middle of the repossession process. Some clients need to obtain lower payments, and others want to give up the property without being charged more on it.
Whatever your situation, you need protection. Shelbyville and Frankfort repossession attorney John Christopher Robinson and our attorneys at Robinson Salyers, PLLC, provide bankruptcy and debt relief counseling to people throughout central Kentucky.
John Robinson will help you decide what options are best for you. There are effective ways to deal with repossession, such as:
- Chapter 13 bankruptcy: This type of plan can help you avoid repossession by reducing your monthly payments or restructuring your debt.
- Chapter 7 bankruptcy: While this option might not save you from repossession, it could help you avoid deficiency balances and penalties. Chapter 7 stops repossession so that you can give up the property without further cost. If the property is already repossessed, you could have the debt discharged through Chapter 7.
For any situation involving repossession, consult with a reputable and knowledgeable bankruptcy lawyer. Our attorneys have the experience, determination and success rate necessary to help you with your financial distress. We can help you get a fresh start.
It may be possible to reverse the repossession process. In such cases, we help clients file for bankruptcy quickly, before their property is sold. Then, we can track down the repossession agencies to stop them from selling your property. The key is to contact us as soon as possible and to act quickly.
Schedule A Complimentary Telephone Consultation To Stop Repossession
When facing repossession, turn to Robinson Salyers, PLLC. To schedule a free initial telephone consultation, call one of our Kentucky offices: Shelbyville at 502-220-4439 or Frankfort at 502-257-5417. You can also contact us online.