Bankruptcy Car Loans
If you are like thousands of other individuals and families in Utah, you may be suffering with the prospect of losing a car or truck through repossession. Repossession occurs when payments on a car loan are missed. The bank or credit union will take possession of automobile to satisfy some or entire car loan that is owed. When you file bankruptcy, car loans and other collection activity immediately stops as a result of the bankruptcy court’s automatic stay. With the assistance of our trusted bankruptcy lawyers we can help you stop repossession in Utah & Idaho, sort out your personal financial situation and determine the best course of action. In many cases bankruptcy gives the best opportunity for a fresh start and allows our clients to be free of the debt that they have accumulated over the years.
Bankruptcy Auto Loans
When a bank repossesses a vehicle as a result of a default of an auto loan, the bank will sell the vehicle and pursue you for the deficiency—the amount you owe under the auto loan that exceeds the amount for which they sold the vehicle. With the help of our knowledgeable Utah bankruptcy attorneys, we can help you determine if bankruptcy is right for you. When you file bankruptcy, auto loan deficiencies may be discharged.
The main benefit that most of our clients notice immediately after filing bankruptcy is the peace that results once you have filed bankruptcy. No more collection calls and the associated fear, anxiety and loss of sleep. Get the relief of stress you need to get your life back on track with the help of our knowledgeable and caring legal professionals.