Will Filing Bankruptcy Stop Car Repossession? Call (703) 494-3323 or visit fishersandlerl... and ask us about our 👉$0 Down Bankruptcy Program today.👈
Are you struggling to keep up with your bills? Are you tired of feeling like you're drowning in debt? Fisher-Sandler can help. We offer a no money down chapter 7 bankruptcy. This means you can get the fresh start you need without having to pay a penny upfront. Don't wait any longer. Get the debt relief you deserve.
Will Filing Bankruptcy Stop Car Repossession in Virginia?
If you fall behind in your car payments in Woodbridge Virginia or make them erratically, the lender that loaned you money to buy the car may consider repossessing the vehicle. Once you file Chapter 7 bankruptcy, an automatic stay goes into effect, and creditors, including your car lender, are stopped from continuing their collection activities. An automatic stay stops a car lender from repossessing your car
If you are in Chapter 7 bankruptcy in Virginia, the automatic stay order makes it unlawful for most creditors to collect against you, including your car loan lender. As long as you remain in Chapter 7 bankruptcy, your car lender can't repossess your car without first getting permission from the bankruptcy court..
The best way to avoid a problem and keep your car in Virginia during Chapter 7 bankruptcy is to be current when you file and to continue making payments after your Chapter 7 case ends. Unlike Chapter 13 bankruptcy, Chapter 7 doesn't have a mechanism to help filers catch up on car payments.
If you are not making timely car loan payments in Virginia, Chapter 7 bankruptcy cannot permanently prevent a car repossession. However, Chapter 7 can temporarily delay the lender from repossessing your car and allow you more time to negotiate or cure your default. Read on to learn more about how Chapter 7 can help you if your car is about to be repossessed.
As a result, Chapter 7 bankruptcy in Virginia only allows you temporary relief from repossession. If you are not working with your lender to come up with a way to save your car, it will usually be repossessed eventually. However, Chapter 7 can still help by providing you more time and options to save your car.
Chapter 13 bankruptcy, on the other hand, is often referred to as a "reorganization" bankruptcy. In this type of bankruptcy, the debtor creates a repayment plan to pay off their debts over a period of three to five years. The debtor must continue to make their regular car payments, as well as catch up on any missed payments, under the repayment plan.
If the debtor is successful in making their payments under the Chapter 13 repayment plan, they can keep their car and avoid repossession. Additionally, any missed car payments can be included in the repayment plan, making it easier for the debtor to catch up on their car loan.
Areas We Serve:
fishersandlerl...
Office Locations:
Fisher-Sandler, LLC
12801 Darby Brook Ct #201
Woodbridge, VA 22192
(703) 967-3315
fishersandlerl...
fishersandlerl...
g.page/r/CQNd7...
Fisher-Sandler, LLC
3977 Chain Bridge Rd #2
Fairfax, VA 22030
(703) 691-1642
fishersandlerl...
fairfaxbankrup...
g.page/r/CUT2w...
Fisher-Sandler, LLC
8002 Discovery Drive, Ste. 422
Richmond, VA 23229
(804) 664-3643
richmondbankru...
goo.gl/maps/qQ...
Fisher-Sandler, LLC
1930 William Street
Fredericksburg, VA 22401
(540) 274-5566
g.page/FisherS...
Lets Get Social:
/ fishersandlerllc
/ @fairfaxbankruptcy
/ fishersandler
/ fishersandler
/ fishersandler
/ fishersandler
/ fishersandler
Professional Profiles:
cli.re/KJZ7qB
cli.re/Y8nVdX
cli.re/WMWoPW
Hashtags:
#fishersandler
#bankruptcy
#chapter7
#chapter13
#zerodownchapter7
#virginia
Bankruptcy Questions Playlists:
• Bankruptcy Myth Buster...
cli.re/QkEzJQ
cli.re/KaYmkr
Location Posts:'
cli.re/BpYrqA
Driving Directions:
cli.re/yzRjYN
Related Videos:
• I Will Lose My House I...
• Filing Bankruptcy Will...
DISCLAIMER
The information in this video is not intended to provide legal advice or to create an attorney-client relationship; but is intended for general education and information purposes only. Laws change periodically, therefore the information in this video may not be accurate. It is imperative that you seek legal counsel in order to determine your rights and obligations under the law and based upon your specific circumstances.
We are a Debt Relief Agency. We help people file for bankruptcy relief under the bankruptcy code.
25 авг 2024
