Repossession Defense in Florida
Does declaring bankruptcy stop repossession? What's Florida law on repossession? Other questions you may be asking is how to stop repossession. What's the difference between bankruptcy and repossession? What's the procedure for filing for bankruptcy after repossession? If you have any of these questions, you’ve come to the right place. We’re here to save your items from repossession.
We know Florida repo law. The creditor has the right to repossess the car if you default on its payments. The creditor can then sell the vehicle to recoup some of the loss. If there’s a difference between the amounts that were initially owed and the amounts the creditor received, they may pursue you for a deficiency judgment. This means they will demand that you pay the difference between the loan amount and the auction price. A deficiency is the amount owed on the auto loan after repossession has occurred. For example, if your car was worth $10,000 and sold for $8,000, you’ll owe $2,000.
Can filing for Chapter 13 stop car repossession? A repo lawyer at Bankruptcy Law Center can aggressively defend your rights and has helped clients fight unfair creditor practices. Our lawyers know repo law in Orlando Florida, and can easily defend you in bankruptcy or repossession cases. They can explain the difference between repossession vs bankruptcy to you, as well.
Our law firm has years of combined experience in safeguarding our clients' rights in deficiency judgments and repossession cases. If you’re living in fear of someone repossessing your property, speak with an Orlando debt relief attorney now.
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If you've defaulted on a loan or payment for your property, creditors won’t shy away from seizing your property like your house or vehicle. However, Bankruptcy Law Center can help you save your home or vehicle from repossession. Chapter 7 or Chapter 13 bankruptcy debt relief may be available to you. In certain situations, there are other options available. The best thing to do is speak with a lawyer to determine what debt relief action is appropriate for you. In many cases, your debt can be restructured, making it possible to keep up with payments.
Individuals facing foreclosure can be helped through Chapter 13, allowing them stay in their homes. When seeking legal assistance for foreclosure, time is of the essence because the bankruptcy filing may have taken place before the house's sale date. If you’re afraid that your car or home will be snatched from you through repossession or foreclosure, call us and set up a free consultation.