Chapter 13 Bankruptcy Lawyer | Stop Vehicle Repossession

 

Without dependable transportation, it might be hard to get to work, to medical appointments or to meet family needs. If you are behind on auto payments, an expert chapter 13 bankruptcy lawyer can assist you understand whether bankruptcy may avoid vehicle repossession. At Massachusetts Bankruptcy Center, we assist people in considering legal alternatives that deliver real financial relief while safeguarding valuable assets. If you file for Chapter 13 bankruptcy, it will in many circumstances result in an automatic stay , which usually halts most collection operations. If your vehicle is already during the process of being repossessed, but the lender has not yet completed the procedure, it will usually stop as well. Chapter 13 also allows eligible persons to reorganize their obligations through a court-approved repayment plan for three to five years. This can help you catch up on missing car payments, keep your vehicle, and manage other financial responsibilities. Chapter 13 may also assist you in dealing with unsecured debts like credit card balances, medical bills, some tax obligations, qualified personal loans, and some other dischargeable debts through the repayment plan. This can make it easier to keep up with secured debts like your car loan. Every bankruptcy case is different, so dealing with an experienced chapter 13 bankruptcy attorney guarantees that you receive advice that is suited to your financial situation and long-term goals for enduring debt relief.