We know how important it is to have a vehicle. You ask yourself how will you get to work, go to the store, go to school, go to the hospital, or any of your usual activities outside of the home. You worry about where and when they will repossess your car and this stresses you out every single day.

Unfortunately, repossessing your car does not clear you of your debt from your creditor. They can still demand money from you and it’s legal for them to do so. If your vehicle does not sell for the amount of your debt in auction, you are liable for the remaining balance.

With a chapter 13 bankruptcy, you will keep your car and possibly lower your payments and interest rate if you qualify. If you are about to get your car repossessed or if it’s currently repossessed, give us a call at (706) 295-1300 today to see how we can help you.

What happens during a repossession?

  • Normally, the creditor will hire a “repo man” to repossess your car wherever they can get to it (home, work, restaurant, store, etc…)
  • Your car will be towed to storage lot where you will have 10 days to pay the debt or your car will be sold at auction
  • If you can’t pay the debt within that time, your only alternative is bankruptcy if you want to recover your vehicle