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Stop Repossessions
Salinas Repossession Lawyer
Have you received a notice that your car is going to be repossessed? Are you scared that you are not going to be able to get to work or get your children to school without your car? Repossession is extremely stressful, but there may be a way to stop it. At Central Coast Bankruptcy, Inc., in Salinas, California, we provide knowledgeable and personalized legal services for all types of debt relief and debt-related problems. We will listen to your problems and your future goals and help you obtain a fresh financial start.
Is your vehicle about to be repossessed? Contact an experienced Salinas repossession attorney at Central Coast Bankruptcy, Inc. Call today for your free consultation at 831-783-0260 or send us an e-mail.
Will My Car or Truck Be Repossessed?
If you file for bankruptcy, you can save your vehicle from repossession. Once the bankruptcy is filed, a federal court order — called an automatic stay — goes immediately into effect, preventing a car from being repossessed. In a Chapter 7 bankruptcy, you simply continue to make the payments on the loan. In a Chapter 13, a monthly payment is worked out with the court, which in turn pays the car lender. That monthly payment is often hundreds of dollars less than the original payment, and it can be imposed upon the lender regardless of how many months the client may have missed prior to filing bankruptcy.
What Bankruptcy Can Do to Save Your Vehicle
- Lower the payoff price of the vehicle
- Lower the payments of the vehicle
- Lower the interest rate
In a Chapter 13 bankruptcy, the client typically pays the value of the vehicle with either the contract rate of interest or the market rate, whichever is lower. Since most clients owe thousands of dollars more than their vehicles are presently worth, they get to save a substantial amount on the purchase price. If we can also slash the interest rate, the result is a monthly payment often hundreds of dollars less than the original car payment.
Contact an Experienced Monterey Car Repossession Attorney
Find out whether you can save your vehicle through bankruptcy. Contact Central Coast Bankruptcy, Inc., at 1-831-783-0260 to speak with our experienced California bankruptcy lawyer Jason Vogelpohl.
Salinas Office:
30 E. San Joaquin St,
Suite 203G
Salinas, CA 93901
Phone:
831-783-0260
Fax: 831-585-1024
Disclaimer: Central Coast Bankruptcy, Inc., A Professional Law Corporation, is a federally designated DEBT RELIEF AGENCY. This law firm provides legal advice about filing for bankruptcy and represents people and small businesses in filing for bankruptcy relief under the US Bankruptcy Code. The information described on this website is for informational purposes only, and should not be considered legal advice or legal authority. Further, the provision of such information does not form an attorney-client relationship. As such, you should not act or rely on this information before seeking the advice of legal counsel.No testimonial or endorsement anywhere on this website constitutes a guarantee, warranty or prediction regarding the outcome of your legal matter. Until an attorney-client relationship has been formed, any communication made may not be privileged.his website and its contents are considered an advertisement under the regulations of the State Bar of California.