Car Being Repossessed? Call Levine & Levine.
When debt problems lead to your car being repossessed, it can make matters even worse. Without transportation, your ability to get to work and earn an income is significantly restrained — making it even more difficult, even impossible, to pay your bills. It is important to understand that you do have options, even if your car has already been repossessed. It is never too late to reclaim your vehicle after repossession.
We Can Help You Stop Car Repossession
At Levine & Levine, we have a wealth of experience helping people just like you get a fresh start. Our attorneys offer attentive, responsive and caring client service, dedicated to helping you through this trying time. Talk to our Morris County lawyers to stop repossession of your car and put an end to debt problems. Call (973) 210-7050 or contact our Florham Park law firm to experience debt relief.
Our Florham Park Lawyers Can Help You Stop Wage Garnishment
Most people are devastated when they learn their car is or has been repossessed. What many do not realize is that even though the car has been repossessed, they can still be sued for the deficient balance of the car loan after the vehicle is sold and face wage garnishment. That is because most vehicles are worth less than what is owed on the loan. When the bank cannot recover the full value of the car loan when selling the vehicle, it is entitled to pursue the remaining balance from the debtor. After obtaining a judgment, the bank can start to garnish wages to repay the debt.
Our Morris County lawyers at Levine & Levine can help you stop repossession, avoid collection lawsuits, stop garnishment and deal with other debt problems by assisting you in filing for bankruptcy:
- Chapter 7 bankruptcy: If your car has been repossessed and you do not want to reclaim it, you can file for Chapter 7 bankruptcy and discharge the remaining balance owed on the vehicle. That is because your car loan is unsecured once the vehicle is repossessed and most unsecured debts, such as credit card debt, can be eliminated in a Chapter 7 bankruptcy.
- Chapter 13 bankruptcy: If you want to keep your vehicle, you can file for Chapter 13 bankruptcy relief to stop repossession. Your outstanding car payments and deficiency fees or interest will be consolidated into your Chapter 13 payment plan. Additionally, our attorneys may be capable of reducing the amount owed by stripping the difference between the value of what is owed and the value of the vehicle (the unsecured portion of the loan).
Get Your Car Back: Call Our New Jersey Bankruptcy Lawyers
Discuss your options in a free initial consultation with our experienced Morris County attorneys. We stop repossession and help you get your finances back on track. Contact our law firm online or call (973) 210-7050 to schedule your free consultation.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.