If you are in the midst of a debt crisis, your car may be one of the few lifelines you have left to help you get through each day. Losing your transportation can wreak havoc with your ability to work and tackle common chores like grocery shopping.
At Steele Law Firm, PLLC, I understand the emotional price that financial problems can exact. I also know that keeping your car can be a significant tool to help you emerge from unmanageable debt. If you have missed car payments and fear that your motor vehicle may be repossessed, I can help, but only if you take the proper steps before it is too late.
When you file bankruptcy, it immediately stops repossession efforts and provides you an opportunity to resolve your financial problems. If your motor vehicle has already been repossessed, you may be able to recover it by filing Chapter 13 bankruptcy within 10 days of the repossession.
I have helped hundreds of Fort Worth-area residents resolve unmanageable debt problems by filing Chapter 7 and Chapter 13 bankruptcy. If you are interested in keeping your car long term, you may be able to reduce the amount you owe on it to the actual value of the vehicle rather than the loan balance in what is commonly called a “cram down.” However we rework your loan in a Chapter 13, you will have three to five years to repay the lender.
If you think you can live without the car, but you cannot pay off the loan balance, you may be able to have the balance of the loan discharged in a Chapter 7 bankruptcy and get a fresh financial start.
The important first step to preventing car repossession is contacting the firm to schedule a free initial consultation. I will review your situation, explain all of your options and help you determine what makes the most sense. The earlier you address the situation, the more options you provide yourself — and the less stressful it is on you or other family members. Call tel:+1-682-231-0909 or use the contact form on this website to schedule a meeting.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.