When you are overwhelmed with debt, repossession is a serious threat. At Dezenberg & Smith, Attorneys At Law, we can help you keep your property. Our attorneys have more than 33 years of experience stopping car repossession, camper repossession, ATV repossession, boat repossession, appliance repossession and other types of repossession. Our services are available to people in Huntsville and the surrounding parts of Alabama.
Bankruptcy Immediately Stops Repossession
When you file for bankruptcy, creditors are immediately required to stop all collection actions, including repossession. While motor vehicle repossession is the most common type of repossession, any type of collateral attached to a debt can be repossessed. Regardless of what your creditor has threatened to take away from you, we can help.
Keep Your Property
“Can bankruptcy stop repossession?” is a common question. The answer is yes. There is a myth that if you file for bankruptcy you will actually have to give up all your property. The reality is that most people who file for bankruptcy are not only able to prevent repossession, they are also able to keep all or most of their assets permanently.
After reviewing your situation, we will let you know what type of bankruptcy is right for you, or if a bankruptcy alternative makes more sense. We are skilled in Chapter 7 and Chapter 13. Chapter 7 may involve liquidation of some property, while Chapter 13 may allow you to keep all of your assets and instead create a plan to repay your debt.