When you’re living paycheck to paycheck, it’s easy to fall behind on regular car payments. And when you’re living in the midst of a global pandemic with an uncertain economy and record-high unemployment rates, paying your bills is more stressful than ever. Unfortunately, car lenders aren’t understanding. Worse, the bank is legally justified in threatening to seize your vehicle if you fall behind on your car note.
As a bankruptcy lawyer TN has relied for over thirty years, I know that repossession is devastating. For those who rely on their cars to get to work, it can create a spiraling financial nightmare.
Bankruptcy Offers a Way Out
Thankfully, there is a way to stop car repossession, and all the stress that comes with it. If you are facing serious financial hardships, partial payments and other short-term solutions won’t help. Only the debt reorganization that bankruptcy offers can give you long-term relief.
Bankruptcy is nothing to be afraid of. It offers you a fresh start to rebuild your credit stronger in the long-term, and can take an enormous amount of anxiety out of your life.
Keep Your Vehicle and Lower Your Payment to a Level You Can Afford
You don’t have to lose your vehicle if you want to keep it. Bankruptcy will stop repossession in its tracks. Speak to a bankruptcy lawyer TN trusts at Darrell Castle & Associates, PLLC and we’ll set up a Chapter 13 plan that will allow you to pay off your car payments at an amount that’s affordable for you. Plus, once you file, the creditors will no longer come after you.
Through the bankruptcy process, all of your debts will be lumped into an affordable 3-5 year repayment plan. One of our experienced bankruptcy attorneys can help you with this process.
You May be Running Out of Time
If a repo man takes your vehicle, you can get it back — but only if it has not yet been sold. Time is of the essence. If you’re facing car repossession, call me at (901) 327-2100 or contact me online right away. The consultation is absolutely free, and we will help you get back on track before it’s too late.
Don’t delay the inevitable, or put yourself through needless stress. Call a bankruptcy lawyer TN residents count on, and we’ll make a plan to stop your vehicle repossession right away.