Aurora Repossession Attorneys
Is a creditor threatening to repossess your vehicle? Are not sure what to do? An experienced and knowledgeable bankruptcy attorney can help you. Repossession can be frightening, but it does not have to be inevitable.
Protecting your car / vehicle from repossession in illinois
When the owners of purchased items can no longer afford and make payments on them, Illinois repossession laws allow the lender to take back possession of the items. For example, a car is usually financed with a loan – which are then payed with monthly payments. The car buyer agrees that the vehicle can be used as collateral if the buyer defaults on payments. If the buyer defaults, the creditor has the right under Illinois law to take back possession of the car. You cannot legally keep the car in a locked garage, move it in an effort to conceal it, or physically restrain an agent from taking it.
Repossession can be humiliating
If you are unable to make payments and believe you may be at risk of having your vehicle or other belongings repossessed, you can file for Chapter 13 bankruptcy. This will automatically halt any efforts by creditors to take control of your possessions. Our Illinois repossession attorneys can explain all of the details of filing for bankruptcy. Basically a Chapter 13 bankruptcy can help you restructure your payments.
Contact an Illinois Repossession Lawyer
We understand that bad things can happen. Even the most financially responsible people who have always had good credit can find themselves in financial trouble.
Do you need the help of an experienced bankruptcy lawyer in Illinois? Call us at (630) 264-7300 or send us an e-mail today. Se Habla Español.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.