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Texas Bankruptcy - Stop Repossession

Stop Repossession — Stop the Repo Man

Bankruptcy Stops Repossession…

If your car, truck, motorcycle, van, or vehicle gets repossessed, it can have a devastating effect on your life. If the repo man takes your vehicle and leaves you without transportation, your life can suddenly become very difficult. You can miss work, your children can miss school, and you may even loose your job if your employment requires you to have vehicle. If you have fallen behind on you car, truck, motorcycle, or RV payments, contact the Texas Bankruptcy Attorneys at The Law Offices of R.J.Atkinson. We help people to file for Bankruptcy under the Bankruptcy Code and may be able to help you to stop repossession or help you to get your repossessed vehicle back. Our experienced Texas Bankruptcy Lawyers can answer your questions about Bankruptcy and Repossession.

If you are facing the repossession of your car, truck, motorcycle, van, RV, motor vehicle or mobile home, filing a Bankruptcy can Stop Repossession and Stop the Repo Man.

Filing a Chapter 7 Bankruptcy can Stop Repossession and may enable you to discharge any remaining loan deficiency if you want to give up the vehicle, or have to give up the vehicle that the creditor cannot auction for the entire amount you owe on the loan.

Filing a Chapter 13 Bankruptcy can Stop Repossession and may allow you to choose from the following:

  • To surrender a vehicle or property that you no longer want or can no longer afford,
  • To keep the vehicle and get caught up on payments, or
  • To pay off a lien by paying the lesser of the value of the vehicle or property or the full amount of the loan.

Many people in Texas run into financial problems which don’t permit them to make their vehicle payment on time. Sometimes, they may even fall 2 or 3 payments behind which is usually when the repo man may come looking for your vehicle. If you have lost your job or have had a temporary setback which has prevented you from paying your car on time, you’re not alone. The problem doesn’t necessarily have to do with the events in life which may have caused the temporary setback, its attempting to get the lender to give you a break when these kinds of things happen. Most lenders don’t have a way to deal with situations that life may throw at you. If you have ever attempted to discuss your situation with one of their representatives, you’ll probably see that they just don’t care. Although it’s a harsh reality, lenders don’t care about you, your family, or your personal problems. Lenders are in business for one reason, which is to make money.

You should be aware that lenders are not required to wait until after you miss a payment to repossess your vehicle. In fact, your vehicle can be repossessed the very day after you miss a payment. This comes as a surprise to most people. Although, a lender can repossess your car after being only one day late, it almost never happens. That’s because they really don’t want to repossess your vehicle, they simply want their money. Unless they are a rinky dink car lot that actually welcomes the opportunity to repo your car and sell it to someone else, you usually don’t need to worry if your payment is a day late.

If you do fall behind on your vehicle or foresee not being able to make an upcoming payment, you should attempt to work it out with the lender. They might have some type of program to allow you to put a payment at the end of the loan or maybe just allow you to make an interest only payment.

When you have fallen behind one or two payments on your vehicle, or the lender doesn’t have a program and simply won’t work with you, contact the Texas Bankruptcy Attorneys at The Law Offices of R.J.Atkinson to discuss your legal options. Once you get behind, they may be considering repossession of your vehicle and may even call you threatening repossession. The clock is ticking the moment you get behind. It’s a count down to you either paying what’s past due or risking repossession of your vehicle. If you are worrying about repossession, you may want to consider bankruptcy as an option.

Filing a Bankruptcy of any type will stop a repossession, but a Chapter 13 Bankruptcy can allow you to repay any past due payments over time. If you are behind on your vehicle payments, or upside down on your vehicle loan, Chapter 13 Bankruptcy might be an option for you. Chapter 13 Bankruptcy was designed for people who have regular income but cannot maintain their vehicle payments.

Under Texas law, you are allowed one car for each licensed driver in the household, which means that if you file for bankruptcy, and have 2 vehicles and 2 licensed drivers in your household, you can usually keep the vehicles.

If you are behind on your car, truck, motorcycle, SUV, mobile home or RV payments, contact The Law Offices Of R.J.Atkinson we can help you to decide what your rights under the Bankruptcy Code. We may be able to help you Stop Repossession if the repo man is looking for your vehicle. Don't wait until it's too late to stop repossession. Get the information you need at a free initial consultation.

Let us help you to explore the advantages of filing for bankruptcy to stop repossession. If you live in Houston, Austin, San Antonio, San Marcos, Dallas, New Braunfels, Waco, Victoria, Plano, Garland, Arlington, Boerne, Seguin, or most anywhere in the State of Texas contact us.

Questions about how to Stop Repossession, Stopping the Repo Man, or Bankruptcy?

Contact the Texas Bankruptcy Lawyers at R.J.Atkinson: 800-436-9056

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Filing Bankruptcy can sometimes be the fastest way to get out of debt and may be the most affordable way to get a fresh financial start. Chapter 7 Bankruptcy can quickly wipe out your debts, increase your credit score, stop wage garnishments, get rid of credit card debt, eliminate medical bills, stop payday loans, stop bill collectors, erase negative credit reporting, and reestablish new credit after bankruptcy. RJ Atkinson – Bankruptcy Lawyer have payment plans to make filing Chapter 7 and Chapter 13 Bankruptcy affordable which include low cost flat fees for Chapter 7 that may be considered the cheapest bankruptcy attorney fees depending on the costs other bankruptcy lawyer charge. Chapter 13 Bankruptcy can save your home from foreclosure, save your car from repossession, lower monthly payments, reduce interest rates, get rid of late fees, reduce credit card interest, payoff high credit card debt, raise your credit score, stop creditor harassment, get rid of debt, reduce debt, eliminate creditor calls at work, stop collection calls, start over financially, discharge debts and/or be debt free in 3 to 5 years. IRS tax problems, tax levies, wage garnishments, back taxes, payroll taxes, income taxes can often be handled in Chapter 13 bankruptcy. Divorce/Bankruptcy – past due child support arrears, alimony, spousal support, and divorce debt can often be handled in chapter 13 bankruptcy. The Law Offices of RJ Atkinson handles debt consolidation, loan modifications, credit card debt settlement, debt negotiation, lawsuit defense, IRS problems, credit card lawsuits, TROs temporary restraining orders to foreclosure, forbearance agreements to foreclosure, FDCPA Fair Debt Collection Practices Act lawsuits, FCRA Fair Credit Reporting Act lawsuits, credit report disputes, debt collection lawsuits, adversary complaints in bankruptcy, bankruptcies, foreclosure workouts, mortgage short sales, real estate property tax disputes, civil litigation, commercial litigation, tax lawsuits, small business bankruptcy, corporate bankruptcy, business creditor representation, and most every kind of debt related issue or financially based legal problem on a case by case basis.
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