Car Repossessions

Staten Island Bankruptcy Attorneys

You probably thought that your car had been stolen. You came out of the building, and the car was gone. When you called the police, they told you what had happened. I know many who have faced car repossession. I know that they had no idea anything was wrong--until their cars disappeared. If this describes what happened to you or your family member, know that my law office has helped many people in your circumstances. Contact the Law Offices of Charles R. Tropp to find out how I can help you.

The Dangers of Do It Yourself

If you cannot afford the monthly payments on a car loan and want to give the car back to the car lender, they will force you to pay the difference between the balance of your loan and what they can get by reselling the vehicle. Sometimes, that can be thousands of dollars. On top of owing all that money, you lose your means of getting to work and back. No wonder car repossession often leads to foreclosure.

The Bankruptcy Solution

There are better options. With my guidance, you can keep your vehicle if that is what you wish. A Chapter 13 will establish a payment plan for some or all of your arrears, on a budget that you can handle. If you do not want the car, you can surrender it voluntarily in a Chapter 7 or Chapter 13 without having to worry about paying any deficiency.

If you or your family member faces car repossession, contact the Law Offices of Charles R. Tropp for a free consultation.