Chicago Auto Repossession Lawyer
If financial problems are forcing you to miss car or truck payments, you run the risk of losing your vehicle to repossession. While the threat is real, you have legal tools at your disposal that can help you avoid repossession and get your debt problems under control.
At Atlas Consumer Law, we can help you explore debt relief options for stopping repossession, including Chapter 7 and Chapter 13 bankruptcy. Our attorneys have the skill and experience to make the law work for you.
Contact us today online or by telephone at (312) 313-1613 to speak with an experienced Chicago auto repossession attorney.
How to Stop Repossession in Illinois
Auto loan creditors are aggressive in repossession of automobiles. Many people throughout Illinois have had their car or truck repossessed after missing a single payment. If you have missed a car payment, or are about to, it is important to be proactive. Filing for bankruptcy can stop creditors from repossessing your property and in some cases, help you get back a vehicle that has already been repossessed.
Even if your car is repossessed, you may not be off the hook with your creditors. If your car sells for less at auction than the amount you owe, you can get sued for the difference, known as a deficiency judgment. While a deficiency judgment can expose you to creditor lawsuits, bankruptcy can discharge this type of debt as well. A knowledgeable bankruptcy lawyer can help you understand the hidden consequences of repossession and how to avoid them.
Are you facing car repossession or other debt problems in Chicago? Contact us today online or by telephone at (312) 313-1613 to speak with an experienced Chicago auto repossession attorney.