In Delray Beach, having a car is the main way anybody gets to work, to school or wherever else they’re headed. Your car is a necessity, but its payments aren’t always the first bill you’ll pay when money is tight. If you’ve fallen behind on your car payments and you’re fearing the repo man, you need help to stop repossession. Wondering how to stop car repossession in Delray Beach? Locking your car in the garage won’t make the problem vanish. If you’re in danger of losing your car, it’s time to see how our knowledgeable attorneys at The Law Offices of John E. Mufson may be able to help.
After your mortgage or credit card, your car loan may be the biggest debt you’re facing. But when you’re dealing with other major debts, your car payment may not be the first bill on your mind. At The Law Offices of John E. Mufson, we know that car repossession and other forms of credit card harassment in Delray Beach can be tough to deal with. But, you don’t have to face these situations alone, our attorneys are here to help you understand your best options for solutions.
If you’re wondering how to stop car repossession in Delray Beach, you have more opportunities than you may realize. Bankruptcy is one approach to take towards your overwhelming debts such as credit card debts, mortgages and yes, car payments too. When you start the bankruptcy process, Automatic Stay goes into effect. Automatic Stay means that actions against you and credit card harassment in Delray Beach must stop as the bankruptcy process progresses.
For repossession efforts, this means that the moment you begin the bankruptcy process, the repo man is put on hold. Automatic Stay alone won’t permanently stop repossession, you need to finish your bankruptcy case to reach a full and permanent resolution.
Chapter 13 bankruptcy is the most common path people use to stop car repossession in Delray Beach. During Chapter 13 bankruptcy, outstanding debts such as credit card debts and car loans can be restructured into more affordable payment plans. With lower credit card payments and more affordable car loans, you may find it much easier to make all the payments you need to in order to keep your car.
Our attorneys at The Law Offices of John E. Mufson can help you work to keep your car through Chapter 13 bankruptcy, and through Chapter 7 bankruptcy as well. In Chapter 7 bankruptcy, you may need to establish a separate repayment plan in order to keep your vehicle through property exemptions. To learn more about how bankruptcy may assist you in fighting car repossession in Delray Beach, please call our attorneys at (561) 272-1003.