- Hits: 8115
Are you threatened with repossession?
When you buy or lease an item on credit, you are obligated to make consistent payments for that item. If you fail to meet these payments, a creditor can seek legal action to repossess the item. Repossessions often happen with cars and other motor vehicles, but any item can be repossessed if payments are not made. Repossessions often come with little warning and seizure can take place at almost any time. If are under the threat of repossession, or had an item repossessed, you need to discuss your options with an Oklahoma repossession attorney.
Options for Repossessions
The most common form of repossession relief is the filing of bankruptcy. Depending on your financial situation you may file for either chapter 13 or chapter 7 bankruptcy. When an individual files for bankruptcy, the court orders all repossessions and debt collection s to halt. This is called an "order of relief". Individuals are given a specific period of time to reorganize their debt and establish a new payment plan for all of their debts. We can also pursue a negotiation with your creditors or bank. A new payment plan can be negotiated for certain individuals so consistent payments can once again be made. Our law firm can help you fight any repossession. We can review your case to determine whether bankruptcy, negotiations or other options are available to you. Regardless of choice, our law firm will fight aggressively for you rights and best interests.
We are prepared to take legal action on your behalf. Fighting repossession requires a skilled law firm with years of experience. Call us today for a FREE consultation to see how we can help you.