Los Angeles Repossessions Lawyer

Protection from Debt Collection via Repossession

When a person can no longer make consistent and agreed-upon payments toward a vehicle loan or other loan for boats, property or other assets, entities who own the debt will often go to great lengths in order to collect on a debt. In some cases, lenders may take action to repossess a vehicle or other property as a means of revoking the agreement, and this can have far-reaching effects on a debtor who can suffer from a downgraded credit rating or in the case of vehicle repossession, a further inability to keep up with debt due to decreased means of transportation. An experienced Los Angeles bankruptcy attorney can help to stop any repossession efforts against your property.

As difficult as repossession may be to contend with, there are things that can be done to cease repossession efforts against your property. An auto loan may not be excused for repayment in bankruptcy proceedings, which means it is a debt where repayment cannot be avoided. However, chapter 13 bankruptcy may be utilized to include these payments which can give vehicle owners a full 3 to 5 more years to repay the debt. Additionally, lenders may wish to engage in debt negotiation for a better interest rate or lower monthly payments, which can go a long way in providing the savings an individual needs in order to achieve success.

Asset and Vehicle Repossession Attorneys in Los Angeles

Matthews Law Firm understands the many challenges that may arise in the face of vehicle or other asset repossession. We support the right to keep your property through bankruptcy wherever possible. Whether by negotiating for lower payments or finding ways to include absent payments into a bankruptcy plan, our top concern is your well-being and a favorable end-result. Our firm has helped many Los Angeles clients to successfully navigate the bankruptcy process and keep their valued assets through it all.

If you are in danger of losing your home, vehicle or other asset due to a failure to pay, contact a Los Angeles bankruptcy attorney who can help you keep your possessions.