Threatening to Repossess? Car been Repossessed? Stop Repossession!

Are you behind on your car payments? Do you want to keep your car? Is the auto creditor threatening to repossess your vehicle or are you afraid they will come to get it without letting you know? If this is your situation, you need to call 317-581-9590 immediately to schedule an emergency appointment. Lawyer Portia Douglas will explain there are options in Chapter 13 that you may not know. For example, If your car loan is more than 910 days old and your car is worth less than the balance you owe on it, you can force the car creditor to accept the value, not the balance owed over as long as five(5) years. You would start paying your payments through a chapter 13 plan even though you were months behind when you filed. Even if your loan is not 910 days old, you can put the principal balance inside the plan, reorganize your arrearages and pay a reduced interest rate of around Prime plus 0ne Percent. So if you have a high interest rate of say 21 percent this can help you lower the balance and the payment on the vehicle. It is best to file before your automobile is repossessed. If it has already been repossessed but not yet sold at auction you may be able to recover the car upon filing a Chapter 13 bankruptcy. Are they threatening to repossess your vehicle? Has your auto already been repossessed? Do want to stop repossession? Call us now at 317-581-9590 to speak with Indianapolis Bankruptcy Attorney Portia Douglas.