Worried about Car Repossession? Act Now
Most people need their cars in order to get to work. If you are behind on your car payments, the last thing you need is to lose your car to repossession.
If you are behind on your car payments, have been threatened with repossession or have had your car repossessed, contact the Law Office of Thomas P. Hogan in Modesto, California. Prompt action before or immediately after a repossession can ensure you keep your car.
At the Law Office of Thomas P. Hogan, you will find a bankruptcy lawyer and staff here to help protect you from unfair debt collection practices. Attorney Hogan provides bankruptcy services, negotiates loan modifications and helps with foreclosures. Call 209-409-3103 to schedule a free half-hour consultation.
Fast Relief From Creditors
The Law Office of Thomas P. Hogan files bankruptcy petitions electronically, which speeds up the process and gets you immediate protection. If you are behind on your payments, filing for bankruptcy under Chapter 7 or Chapter 13 of the U.S. Bankruptcy Code will prevent or temporarily stop the repossession of your car. If your car has been repossessed and you still owe money, bankruptcy will prevent your creditors from garnishing your wages.
Can You Get Your Car Back?
A car is a "secured debt." That means that it is a tangible physical item that can be repossessed if payments aren't made. (Unlike credit card bills or medical bills, which are "unsecured debt.")
If your car has been repossessed, the bank will want a lump sum in order for you to get the car back. Mr. Hogan can try to negotiate with the bank on your behalf (this is called a "loan workout") before the car is sold at auction.
If you do not have the lump sum the bank requires and allow the car to be repossessed, you may still find yourself owing money and facing aggressive debt collection practices. The bank or lender will seek to recover any debt remaining on the car after the sale (the loan amount minus your past payments, minus the amount received for the car at auction).
Filing for bankruptcy can protect you from aggressive loan collection practices, wage garnishment and taking on additional debt. In bankruptcy, the difference between the sale price of the car and the amount owed can be discharged.
Contact a Bankruptcy Attorney
For a free half-hour consultation with the Law Office of Thomas P. Hogan, call 209-409-3103 or send the firm an e-mail. The firm's offices are conveniently located in downtown Modesto, California, just off Highway 99.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.
