Repossessions in Michigan
Are You Dealing With Repossession?
When in the midst of a financial struggle, one of the worst things that can happen is the loss of your property. Having your vehicle repossessed may arguably be the worst scenario because many cannot get to work without their car. There are ways to protect yourself from repossession or foreclosure in Michigan and Bryant Logan Law Group, PLC can help. Filing for bankruptcy can immediately put a stop to repossession efforts and save your property. This is done through an automatic stay order that comes into effect as soon as your start filing for bankruptcy. Once you file for bankruptcy, all collection actions are halted including:
- Phone calls
- Wage garnishment
What can bankruptcy do?
On top of the relief that you can seek through the automatic stay order, bankruptcy can help in other ways. If you are underwater on your car, meaning you owe more on it than it is worth, you can use bankruptcy to only pay the amount associated with the value of the car. A Chapter 13 bankruptcy results in placing debtors on a repayment plan for a span of three to five years in order to repay their debts. This can stretch out the amount that you owe on your car over a few years, making the monthly payments more manageable. As soon as you realize that you are facing repossession, you need to contact a Wayne County repossession lawyer from our firm.
Facing repossession in Wayne County?
Our firm has more than 50 years of experience handling bankruptcy, foreclosure and repossession cases. We can help you keep your property and avoid the devastating experience of repossession. Bryant Logan Law Group, PLC offers a
free case evaluation so we can sit down and discuss the most viable options for your situation and act accordingly.
Contact us now to get started!