Auto Repossession Auto Repossession If you are facing the treat of repossession, we may be able to help you. An emergency bankruptcy filing can stop a creditor from repossessing your vehicle. Most borrowers are upside down on their vehicles. Under Chapter 13 Bankruptcy, you only have to pay back the current value of the vehicle if you have owned the vehicle for two and a half years. Remember that even one missed payment can result in the repossession of your vehicle.If you have any questions, do not hesitate to call us for a free consultation at 321-945-4404.