Keeping Your Vehicle During a Bankruptcy in Houston
Learn How a Bankruptcy Lawyer Can Help Protect Your Property
For most people, having a car, truck, or other vehicle repossessed is disastrous.
Not only can it be crippling in terms of ability to travel to work, you
may feel that all you have paid against that vehicle was wasted. If you
missed a car payment, will be unable to make the next one, or even if
your vehicle was actually repossessed within the last several days,
it is time to
contact a Houston bankruptcy lawyer.
Houston Attorneys for Car Repossession Defense Strategies
Auto repossessions occur every day across Texas. It is common to live in
denial that this will really happen. A reliable, effective way to prevent
repossession or get your vehicle back may be a
Chapter 13 bankruptcy filing. This form of bankruptcy may allow you to catch up on
your car loan and repay other debts over a period of three to five years.
The questions "how can I stop repossession of my vehicle?" and
"can I keep my car in bankruptcy?" are ones we hear often. Our
Houston bankrutpcy attorneys have helped hundreds of people find workable solutions.
If you qualify, filing a Chapter 13 petition may enable you to:
- "Stretch out" your car loan over a five-year period that makes
it manageable, and potentially obtain a dramatically reduced interest rate.
- Repay an amount based on the blue-book value, rather than the full, original
amount of the loan, if the vehicle loan is older than a certain number
of days defined by Texas bankruptcy law.
- Roll other debts, such as credit card or medical bills that are absorbing
a high percentage of your income, into your payment plan.
Tell us about your situation in a free case evaluation
and we can help you take action to save your car!
Fast Action May Be Critical
Once you fall significantly behind on a car loan, options other than getting
current quickly or filing bankruptcy may not exist. If your car was recently
repossessed, you absolutely have to act right away. You may already have
run up credit card debt or exhausted payday loan options.
At the Guzman Law Firm, we respond quickly to financial emergencies and
act efficiently for every client we serve. To discuss your concerns involving
auto repossession or other debt problems, schedule a free consultation
at one of our four locations, including League City, as soon as possible.
Call (713) 338-9009 to reach a Houston bankrutpcy attorney.