Stopping Repossession of Assets in a Bankruptcy
Aggressive debt collectors are sometimes quick to repossess assets such as cars, tools, equipment or other assets if you are behind on your payments. If your property has been repossessed or is facing repossession, bankruptcy may provide a solution.
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If your car has been repossessed, filing bankruptcy may be the best way to get it back.
At Broadwater Law Group in Fayetteville, West Virginia, our lawyers have a deep understanding of the benefits of bankruptcy. With more than a decade of experience, our attorneys have helped many people stop repossessions and discharge debt.
Guiding You to Calmer Waters
When you file bankruptcy, you are protected from adverse creditor actions by an injunction called the automatic stay. As long as you are protected by the stay, creditors cannot repossess assets such as cars, motorcycles, boats, homes, furniture, tools, equipment, guns and other property. They are also barred from harassing you.
If a creditor has already taken an item such as a car that you owe money on, we can often get the item back as long as it has not been sold.
What Can I Keep During Bankruptcy?
When you file bankruptcy, many of your assets are protected by bankruptcy exemptions. If you owe money on a car or other secured asset, the lender can eventually take the property if you are unable to keep up payments. However, by discharging many types of debt, such as credit card bills, you may find it easier to make payments on the assets you want to keep.
Can I Keep My Home?
Bankruptcy offers protection to homeowners who are in fear of losing their homes. Filing bankruptcy will stop a foreclosure and give you time to get caught up on your payments.
FOR MORE INFORMATION ABOUT STOPPING REPOSSESSIONS AND FORECLOSURE
Turning to a highly skilled bankruptcy attorney can help you begin to take real action that actually attacks your financial problems while protecting your assets. To schedule a free initial consultation, simply contact us online.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.
This website contains legal information and is not intended to give legal advice or form an attorney-client relationship. Viewing this website does not create an attorney-client relationship with Broadwater Law Group.
