Car Repossession

If your car has been repossessed, and has not been sold at auction, it is possible to get the car returned by the filing of a Chapter 13 bankruptcy.  This process can take up to two weeks, but most reputable finance companies will return the vehicle within a few days after the filing.  They sometimes want their expenses, such as car repossession fees and storage fees, paid in order to get the vehicle returned.  However, many will return the car once they have received the notice of the filing of a bankruptcy, and will add the expenses to their claim with the Court.  Quite often, your monthly payment  and interest rates can be reduced by the filing of a Chapter 13 bankruptcy.  If you do not want your car returned, you can eliminate any balance that you owe by the filing of a Chapter 7 bankruptcy case, and also wipe out other debt.
Location: Memphis, TN, USA

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