Los Angeles Car Repossession Lawyers
Avoiding Vehicle Repossession & Foreclosure
Is your lender threatening repossession because you are behind on your car loan? Are you late with your mortgage and concerned about foreclosure? If debt problems are placing your property in jeopardy, you may be able to find relief through bankruptcy.
At Resnik Hayes Moradi LLP, we take pride in helping clients throughout Southern California keep the property they worked so hard to obtain. By filing Chapter 7 or Chapter 13 bankruptcy, you can put an immediate stop to repossession and foreclosure actions. Our attorneys welcome the opportunity to meet with you during a 30-minute risk-free consultation and explain how the bankruptcy process works.
Contact our car repossession attorneys in Los Angeles today to schedule your appointment.
Protecting Your Car & House
When you file bankruptcy, an automatic stay goes into effect. This instantly halts any repossession or foreclosure actions, giving you some breathing room to figure out your next move. If you file Chapter 7 bankruptcy, your unsecured debts are discharged, freeing up money to pay your car loan or mortgage. If you file Chapter 13 bankruptcy, you are able to repay the past due amount over a period of three to five years, without incurring penalties.
The Bankruptcy Code also allows for other actions that can help you keep your property. With a Chapter 13 bankruptcy, you can eliminate a second mortgage if the value of your home is less than the value of the original mortgage. In certain situations, you can lower the balance of your car loan to the vehicle’s current value and extend the length of the loan, making the payments more manageable. With Chapter 13 bankruptcy, you can immediately begin a repayment plan which is often lower than your current auto payment by reducing the car to fair market value.
Take Action to Stop Repossession & Foreclosure
The earlier you act to protect your property, the better position you are in to avoid repossession and foreclosure. Speak with an experienced Los Angeles bankruptcy lawyer to learn what you can do to fight the car repossession and retain what you have worked so hard to purchase. We meet with clients at our offices in Los Angeles and Sherman Oaks from 7:00 a.m. to 7:00 p.m., Monday through Friday. Weekend appointments are also available. Se habla español.
Call us at (213) 344-0043 today to find out how you can protect your property.
He not only saved my house but also got rid of all my debt. They are not your typical attorneys and their creativity really allowed me to do things that other attorneys never mentioned in previous consults.- David K.
He negotiated on my behalf with a credit card company and was able to settle with them for much lower than I could have on my own.- Kelly S.
I cannot thank them enough for helping save my home. I would recommend them for anyone that is thinking about filing for bankruptcy or foreclosure on their home.- Joseph R.
These are top-notch pros that'll have your back. I cannot recommend them highly enough.- Tim C.
They were thorough, extremely knowledgeable, wonderful to deal with, thoughtful, and really helped guide me through what was one of the toughest times in my life.- Rusty H.