Stop Auto Repossession
Have you been threatened with an auto repossession? With the recent downturn in the economy, many people have lost their jobs, been unable to find a job, or faced other economic challenges that make it difficult to manage their current car payment.
Through a Chapter 7 bankruptcy, you may be able to stop an auto repossession. Contact Sacramento bankruptcy attorney Gary D. Greule today to learn more.
How Can Bankruptcy Help?
A Chapter 7 bankruptcy can help in a number of ways if you are about to lose your car, truck or motorcycle to repossession:
- You can discharge most debts to free up money to make your car payment
- An automatic stay is created the moment you file for bankruptcy that temporarily halts most adverse creditor actions, including auto repossession.
- Through bankruptcy debtor's exemptions, most people who file for bankruptcy can keep their vehicle.
- With a Chapter 7 bankruptcy, you may only have to pay back the fair market value of your vehicle. So if you owe $10,000 but your vehicle is only worth $5,000, you only owe $5,000 — the rest of the debt is discharged.
Get Experienced Legal Representation Today
At the Law Office of Gary D. Greule, we have helped thousands of people obtain debt relief through bankruptcy. Our attorney, Gary D. Greule, has concentrated exclusively in consumer and business bankruptcy issues since 1986. We take great joy in helping people obtain the fresh start they need.
Schedule Your Free Consultation
We are pleased to serve clients throughout the Greater Sacramento area. To schedule a free consultation with bankruptcy lawyer Gary D. Greule, contact our law office in Citrus Heights, California. For assistance, call 916-723-3606 or contact us by e-mail.
