Here For You When You Are Facing Auto Repossession

With the exception of your home, the asset you can least afford to lose is likely your car. You need your car to go to work, look for a new job, take your kids to school or perform other critical daily tasks.

If you are at risk of losing your car, truck, motorcycle or other vehicle to repossession, At the Law Offices of James V. Sansone in Santa Rosa, California, we have helped many clients throughout Sonoma County, Mendocino County, Lake County and surrounding areas find solutions to difficult debt problems. As an experienced bankruptcy lawyer, James V. Sansone can provide the sound advice and effective representation you require.

Stop Auto Repossession

If you are unable to pay your debts due to a job layoff, large medical bills, divorce or other difficult matter, bankruptcy may provide the debt relief you are seeking. With a Chapter 7 bankruptcy, you may discharge most forms of consumer debt, thus freeing up money to make your monthly car payment and repay any past due auto bills that are currently due.

With a Chapter 13 bankruptcy, you can achieve auto debt relief in a number of ways:

  • Debt restructuring: You can restructure the debt you owe on a vehicle through a Chapter 13 debt repayment plan. Rather than being required to pay all of your past due auto debt right away, you can pay your past due auto debt gradually over a three- to five-year Chapter 13 payment plan. Additional debt relief for credit card bills, medical bills and other consumer debts is available. Visit our section on Chapter 13 bankruptcy to learn more.
  • Cram-Down: If your car loan is more than 910 days old when you file for Chapter 13 bankruptcy, you are not required to repay any portion of your auto loan that exceeds the current retail value of your vehicle. if you owe $5,000 on your car loan and your car is only worth $3,000, you only have to repay $3,000 over the course of your three- to five-year Chapter 13 debt repayment plan. In addition, your interest rate may potentially be reduced if you are currently paying a high interest rate.

With either a Chapter 7 or Chapter 13 bankruptcy, you will benefit from the automatic stay. From the moment we file your bankruptcy petition with the court, an automatic stay goes into effect that temporarily prohibits most creditors — including auto lenders and auto repossessors — from taking further collection activity against you.

Talk To An Attorney

To schedule a consultation with an experienced bankruptcy attorney, contact the Law Offices of James V. Sansone at 707-623-1875.

We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.