Category archive for ‘Repossession’ 
Why you need to file bankruptcy. . .
by Jay Jump on 3/04/10 | 5 Comment(s)
You can villify me later. For now, I need you to read and get some perspective. Pay attention because we’re going to move fast. You need to file for bankruptcy. Let me say it again for those of you who are still shaking your head. YOU NEED to file for bankruptcy! There, I gave you [...]
The psychological effect of staying in your home after bankruptcy.
by Jay Jump on 1/08/10 | 0 Comment(s)
After your bankruptcy is finished, don’t move out. Stay in the home.
Is a Chapter 13 Bankruptcy the Right Choice?
by Richard Stokan on 1/05/10 | 1 Comment(s)
Deciding to file for bankruptcy protection can be a difficult decision. Although a Chapter 7 bankruptcy offers a debtor a faster discharge, filing a Chapter 13 case may be in a debtor’s best interest. Probably the most common reason to file a Chapter 13 bankruptcy is because the debtor does not qualify for a Chapter 7 bankruptcy [...]
Can You Get a Repossessed Car Back by Filing for Chapter 13 Bankruptcy?
by Drew Broaddus on 12/06/09 | 2 Comment(s)
We were recently contacted by an individual whose automobile – which he owned free and clear – was repossessed by a creditor who obtained a judgment on an unrelated debt, and apparently perfected a lien on the vehicle. At first blush, it may appear that filing for bankruptcy at this stage would not help this [...]
Homeowners Association Dues and Foreclosure
by Jay Jump on 10/16/09 | 1 Comment(s)
One of the many things we advise clients about when they come in to see us is whether or not they should walk away from their home. Often we get client’s who are underwater with negative equity or their Adjustable Rate Mortgage is going to increase drastically and the monthly payment will no longer be [...]
Bankruptcy Filing Can Stop Wage Garnishment
by Richard O'Connor on 7/06/09 | 0 Comment(s)
It is not unusual for individuals in financial trouble to find themselves on the wrong side of a court judgment obtained by creditors seeking to recover a debt. Often collection agencies will threaten seizure of your assets through garnishment or repossession. Once a court order has been entered, the creditor can attempt to recovery the [...]
Avoid Having Your Car Repossessed
by Richard O'Connor on 6/01/09 | 0 Comment(s)
Owning a car for most people is a necessity not a luxury. Creditors hold important rights on a vehicle that is finances or leases. These rights are established by the lease or finance contract and are subject to state law. If you are behind in your car payments or default on your contract, the creditor [...]
