Find Out How Bankruptcy Could Help You Keep Your Car
Many people have misconceptions about filing bankruptcy. Commonly, individuals fear that they will automatically lose their vehicles if they file, even if they are current on their payments. This is not true.
At The Bruntz Law Firm, LLC, we have assisted numerous clients in Parker County, Douglas County and elsewhere in Colorado to eliminate their debt and find a fresh start through bankruptcy.
Our Parker bankruptcy attorney, Damon Bruntz, is here to offer the knowledgeable counsel and advocacy you need to stop living in fear of creditors and get out of debt.
Using Chapter 13 Bankruptcy To Stop Auto Repossession
So what happens if you haven’t been able to make timely payments on your car or truck? In such cases, you may be able to use Chapter 13 bankruptcy to avoid the repossession of your vehicle. Chapter 13 creates a structured repayment plan, giving you the chance to catch up on missed payments.
In many cases, you will be asked to sign a reaffirmation agreement, reaffirming the auto loan. In essence, this is a promise or contract guaranteeing that you will continue to make payments on the vehicle. Whether you should sign such an agreement or not depends on your circumstances, and we can assist you in determining if doing so is in your best interests.
Learn More Today
The sooner you talk to an experienced attorney, the better your odds of being able to keep your vehicle from repossession. To speak with our lawyer about your options, arrange a free initial consultation today. Simply call our Parker or Broomfield office at 720-837-2960 or send us an email. Evening and weekend appointments are available by request.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.