If you are unable to make your auto loan payments on schedule, you may be threatened with repossession of your car. You should take action immediately to prevent losing your vehicle through repossession. The Arizona Bankruptcy Center is committed to helping individuals and families protect their rights through bankruptcy. We know what it takes to stop car repossession in Arizona, understand the unique challenges you face and will take every necessary action to protect your rights.
Even if you are undecided about what steps to take to remedy your overall debt, remember that filing bankruptcy will immediately put a halt to repossession. By stopping creditor action through the automatic stay provision of bankruptcy law, you can then take the time to explore your options and rights under the law. Our attorneys will review your income, assets and debts; analyze your case; and help you determine whether Chapter 7 or Chapter 13 bankruptcy is right for you.
Many people owe more on their auto loans than their vehicles are worth. Under the right circumstances, you can use the bankruptcy process to "cram down" your loan to whatever your car is worth, no matter what you currently owe. This is known as redemption, and it involves getting a new, less expensive loan through a new lender. While some firms won't handle this kind of work, our attorneys have extensive experience handling even the most complex cases and will take the necessary actions on your behalf. If you want to give up your vehicle, we can protect your rights and help you to get a loan for a new car.
If you have questions or are ready for a fresh financial start, contact our experienced repossession lawyers by calling us toll free at 602-GOT-DEBT. You can also submit a question or arrange a free consultation by e-mailing us directly from our website.
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