Will I Lose My Car Or My Other Assets?

The threat of repossession can be extremely stressful. Especially if you rely on your car or truck to get to work, do your job, get groceries or transport your kids, you may feel powerless about the prospect of losing it. Solutions are available.

Get Help As Soon As Possible

Timing is critical in many repossession situations. If you are experiencing fear and anxiety about losing your vehicle or other property, or if you have already lost your car or other assets, you may want to talk to a bankruptcy lawyer about the underlying problem — a professional who can help you get a plan.

At the law office of Charles J. Schneider, P.C., in Livonia, Michigan, we understand repossession, how to stop it and how to help our clients conquer debt. Our attorneys represent clients in bankruptcy filings that help them avoid repossession or find answers after a repossession, and also help them address the underlying financial issues like illness, divorce and other serious problems. We can answer your questions about:

  • Competing parties in an auto repossession — like a car lender, bailiff or others
  • What to do if a creditor has obtained a judgment against you
  • Bankruptcy if you are living on Social Security, a VA pension or other modest income
  • What it takes to stop a repossession
  • Other exposed assets that you may have
  • What it means to "cram down" a loan, reduce the interest rate, stretch out the payment period or otherwise change the terms
  • The important differences between Chapter 13 and Chapter 7
  • Whether you can recover a repossessed car

Protecting Your Assets | Seeing The Big Picture

Every debt situation is different. Every repossession situation is hard. Get the advice you need so you can protect your most important assets and make sure your best interests are protected. Contact us to learn more.

We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.