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Repossession of a Motor Vehicle

Repossession of a Motor Vehicle

Failure to make all required payments on a car loan can result in harsh consequences.  Lenders will typically attempt to repossess a vehicle after two or three payments are missed.  In most cases, the lender will take the vehicle back without the permission from the borrower.

Under the applicable bankruptcy law, a lender is not permitted repossess a vehicle while a bankruptcy case is pending.  By filing bankruptcy, the borrower can prevent repossession.

If a Chapter 7 case is filed, the debtor can at least delay the repossession of the vehicle until the case concludes or until the creditor is granted permission from the court.

In a Chapter 13 case, the debtor can prevent repossession, so long as the debtor can propose a plan that results in the repayment of the default amount.

If you would like to discuss the remedies available in your particular situation, please contact our office for a free consultation.

Contact Us

Law Office of Timothy Brown is committed assisting individuals in need of Debt Relief, Bankruptcy Litigation, Chapter 7, Chapter 13, Creditor Harassment Defense, Debt Collection Defense, and Foreclosure law issues in Illinois.

We will discuss your case with you at your convenience. Contact us today to schedule an appointment.