Des Moines Repossession Attorney

Is your auto loan company threatening to repossess your car because of nonpayment of the loan? It’s normal to feel traumatized at a time like this, and important to take immediate legal action to prevent the situation from escalating. Speak to a Des Moines repossession attorney at our firm about how you can avoid repossession and retain your car.

Chapter 7 bankruptcy and repossession

Filing for bankruptcy immediately gets you a reprieve from creditor harassment, including harassment by the auto loan lender. That reprieve from harassment can give you time to plan your finances, and save money to pay off your auto loan. Besides, the automatic stay on creditor harassment will apply to a number of different types of loans, and because you no longer have to pay those loans, you can save money to pay off your car loan. However, even if you file for Chapter 7 bankruptcy, there may be ways that the car loan lender will try to get the stay lifted, so that it can go ahead and repossess your car. It will ask the court to do this by proving that it has the right to repossess the car, and protect its interests. Speak to a Des Moines repossesssion attorney about how you can avoid repossession, and retain your car.

Chapter 13 bankruptcy and repossession

If you file for Chapter 13 bankruptcy, however, your lender is prevented from repossessing your car until your repayment plan is approved. Once your repayment plan is approved, the arrears on your car loan may be paid off, and during this time, the lender cannot repossess the car. To learn how you can file for bankruptcy, and get protection from car repossession, speak to a Des Moines repossession attorney at the Weaver Bankruptcy Law Firm. These are extremely time-sensitive matters, and you must act quickly to prevent repossession. Call (000) 000-0000, and schedule a consultation with a bankruptcy attorney.