St. Louis Bankruptcy Representation
When you are behind on your car payments and are worried about repossession, it is best to be proactive. Before repossession occurs, call an experienced bankruptcy lawyer. In addition, if your wages are being garnished, you can put a stop to it by filing for bankruptcy.
If you are being threatened with wage garnishment or repossession, it is important to know that you have options. Filing for bankruptcy can stop garnishment and repossession, at least temporarily, by providing an automatic stay against collection actions. To discuss how bankruptcy may benefit you, please call Rochelle D. Stanton Attorney at Law at 314-262-4390. Your consultation is free.
How Bankruptcy Can Stop Wage Garnishing and Repossession
Bankruptcy gives people an automatic stay from all collection activities while the bankruptcy is in progress. All chapters of bankruptcy can stop wage garnishment. Filing for bankruptcy is actually the most common way people stop wage garnishment.
Filing for bankruptcy also stops repossession with the automatic stay. This period may give you an opportunity to modify the loan and keep the vehicle if your income allows you to make the payments.
If you have secured debt such as a car loan, the lien holder or lender has the right to repossess your vehicle if you are not making loan payments. Many vehicle loan and lease terms include provisions that allow the lender to repossess a car without filing notice or going to court. Essentially, this means a creditor can repossess your car without telling you in advance.
Filing bankruptcy before vehicle repossession is important because there are fees of up to $800 involved in getting your vehicle back.
You can get started today. For a free consultation with a Missouri wage garnishment attorney, please call 314-262-4390 or contact us online.
