The truth about car repossessions and bankruptcy

The truth about car repossessions and bankruptcy

Are you avoiding the repo man? Are you still receiving harassing phone calls even after you turn the car back in?  We can help!

If you have fallen behind on your car or truck payments, filing bankruptcy can help!  One of bankruptcy’s most powerful tools is the fact it can start to work right away.  Its  “automatic stay” can stop the repo man immediately.  Once a bankruptcy has been filed, it is very difficult for the finance company to repossess your car or truck.  WE CAN SLOW DOWN THE PROCESS OR EVEN STOP IT ENTIRELY. Bankruptcy may even help you get your car back after it has been recently repossessed, but you must act fast.

In some cases, a good bankruptcy attorney can spread your past due auto payments over 36 or 60 months without further penalties or interest in a Chapter 13 bankruptcy reorganization plan.  In other cases, we may be able to reduce the TOTAL amount you owe on the vehicle.  THAT MEANS THAT instead of paying THE $15,000.00 you owe on the car, you only have to pay the $9,000.00 that it is currently worth and we can work at putting you into a comfortable payment plan. The sooner you see us, the more optons you may have. Before your car gets repossessed is when you have most power over the banks, and we can help you the most.

On the other hand, sometimes it’s not worth keeping a car.  MAYBE you can’t afford the payments or the car is just not worth what you owe.  In many bankruptcy cases, we simply include the money you owe on your car in with your other debts and wipe it out in the bankruptcy. No more stress for you and no dealing WITH the repo guy! 

Some people think that once their car or truck has been repossessed, they no longer owe any money. The bank got the car back and the debt should be gone. WRONG!  That is not how it works.  Once your car has been repossessed, it will be sold at auction. If it sells for less than what you owe  (which it nearly always does) the bank will come after you for the difference. They can start the harassing calls again, file a lawsuit and even garnish your wages.  You might be able to avoid all this from happening. 

If your car has been repossessed or is in danger of being repossessed call us NOW for a free no obligation consultation at 305-663-3281.  The sooner you do, the sooner we can discuss your options, the sooner we could find a solution for your problems and the sooner you will feel relief.


The hiring of a lawyer is an important decision that should not be based solely upon advertisements. Before you decide, ask us to send you free written information about our qualifications and experience. This web site is designed for general information only. The information presented at this site should not be construed to be formal legal advice, nor the formation of a lawyer/client relationship. The Bankruptcy Law Clinic has offices in both Miami, and Doral FL and assists clients in the areas of Miami, Doral, Miami Beach, North Miami Beach, Opa Locka, Hallandale, Hialeah and Hollywood Florida and the surrounding areas.

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