Stop a Memphis Car Repossession

If you’re at risk of losing your car over bills you can’t pay, you need the attorney to stop car repossession Memphis has trusted for decades.

bankruptcy lawyers in memphis tn | Darrell Castle & Associates

When you take out a loan to purchase a car, you put your vehicle up for collateral. That means if you miss some payments and begin falling behind on your car note, the bank will threaten to take your vehicle, or “repossess” it.

Car repossession steals your time and your joy. Instead of getting to work or spending time with your family, you have to worry about hiding your vehicle or making payments on your loan that feel totally impossible.

We like to say that while Memphis sleeps, the repo man is hard at work. After over 30 years of serving the Memphis area, we’ve seen all their dirty tactics. And we know how to stop it.

How to Stop a Car Repossession in Memphis

You have a few options to avoid repossession. First, you can always try contacting the bank to negotiate lower payments or calling a debt reorganization group. But both of those options can fall through. Neither has the power of federal law behind it. If the bank decides to change its mind, you are right back where you started.

Bankruptcy is different. By filing for bankruptcy with a qualified attorney, you can stop the car repossession.

In many cases, you can stop a repossession through Chapter 7 bankruptcy, which clears your debts and gives you a fresh start.

But depending on your situation, you might benefit more from a Chapter 13. A Chapter 13 bankruptcy is a debt reorganization plan set up by the courts and written into federal law. When you file, you lump your debts – including your past-due car payments – into an affordable 3-5 year repayment plan.

Once the plan is complete, you’re free of the debt and own your car. And since the courts set up the plan for you, your creditors have to comply.

A good Memphis bankruptcy attorney will help you decide which chapter is right for you.

Contact a Stop Car Repossession Memphis Attorney

If you’re behind on your car payments, don’t wait. Repos happen in parking lots, overnight, and when you least expect it. I’ve had clients come to my firm in a total panic, having lost their cars while in class or work or even while they slept soundly in bed. There’s no reason to live in fear like that.

Our Memphis bankruptcy lawyers work overtime when you need it most to save your car and get you out of debt. We work with you to help you afford bankruptcy. And our award-winning staff treats you with kindness and respect.

Contact us today or call (901) 327-2100 to talk with one of our attorneys about your situation, free of charge. We can help you figure out your options and get you back on track before it’s too late.

You can speak with the attorney to stop car repossession Memphis trusts – just call us today to get started, no strings attached.

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