Stop Repossession With a Fairfield Attorney — Gary A. Billig
If you fear auto repossession because you have fallen far behind on your monthly payments, you can benefit from the guidance of skilled consumer bankruptcy lawyer Gary A. Billig in Fairfield. For 35 years, Gary A. Billig has helped a great many individuals and families with his comprehensive knowledge of Chapter 7 and Chapter 13 bankruptcy strategies, and workable alternatives to bankruptcy.
You need your motor vehicle in order to get to your job, or seek a new job, and continue to provide for your family. Our law firm can help you explore all of your options.
Effective Legal Solutions, Attentive Personal Service for 35 Years
Filing for bankruptcy can halt a repossession and help you save your automobile. First off, filing for either Chapter 7 or Chapter 13 bankruptcy brings on the automatic stay. The automatic stay stops all repossession efforts. However, with secured debts such as debts to your home or car, this relief may only be temporary. Your lender can ask the bankruptcy court to initiate repossession proceedings.
You still have options to save your automobile. Chapter 13 bankruptcy allows you to repay your past due balance over three- to five-years. Chapter 13 may offer other advantages. If you file Chapter 13 bankruptcy and your automobile loan is older than 910 days (two and a half years) our law firm may be able to force your creditors to accept payments for the actual value of the vehicle, and not what you owe. This is sometimes called "cram down" or redemption. It may also be possible to reduce your interest rates. In certain limited cases, it may be favorable to file Chapter 7 bankruptcy and reaffirm your automobile debt. You can depend on our law firm to offer strategic counsel that is in your best interests.
Contact Us
Contact us today by phone call, e-mail or fax. An evening appointment is available upon request. Our phone number is 513-275-1672.
We are a debt relief agency, dedicated to counseling clients according to federal Bankruptcy Code.
