Auto Repossession

How can you keep the repo man away from your vehicle?  car

If you are having trouble keeping up with car payments, you could be facing repossession of your vehicle.

This could be a major headache if you are one of the many people who rely on your car for getting to work, transporting your kids and meeting other important needs.

At the Law Office of Jeff D. Hoffman in Oakland, we use a variety of strategies, including bankruptcy protection and car loan renegotiation, to help you avoid auto repossession. Please contact us to set up a free consultation with knowledgeable attorney Jeff D. Hoffman.

You may be able to avoid auto repossession by filing Chapter 13 bankruptcy.

The filing of a bankruptcy petition stops repossession actions immediately. In a Chapter 13 plan, you will have up to five years to pay off your car loan.

Additionally, your auto loan may be permanently reduced (crammed down) in Chapter 13. If you bought your car more than 2 1/2 years ago or have refinanced it, and its current market value is less than what you owe, you may be eligible for this option.

Jeff will examine your personal circumstances to see whether you are eligible for Chapter 13 and whether this procedure will help you protect your vehicle.

With the economy in so much trouble, many auto lenders are willing to work with borrowers in order to avoid the expense of repossession.

To discuss your options for stopping auto repossession, contact us today.

Contact us online or by phone at 510-451-0290 to schedule a free, no-obligation appointment.

We serve the entire San Francisco Bay Area.