Reasons to Hire an Attorney When Facing Car Repossession

If you are facing car repossession because you cannot make payments due to personal financial trouble, you may consider filing for bankruptcy. Keeping your home should be a priority when filing for bankruptcy. You do not want to go through the process without the help of an experienced bankruptcy attorney, as there is always the risk that you could lose your home. 

Here are the benefits of hiring a car repossession lawyer from the Law Offices of Scott R. Schneider if you wish to stop car repossession because of unpaid debt.

1. Modifying the Loan Agreement

You do not necessarily have to apply for bankruptcy to enter into such an arrangement. If you reach out to the lawyer early enough, they can help apply for modifying the loan terms and conditions. The modifications will be to your benefit, and they will make sure that the process is legally binding and that the lender can not shortchange you after everything has been put to pen and paper. While this is a potential option, note that car loans are rarely refinanced.

2. Keeping the Lender in Check

Lenders can be unsavory when trying to recover their money. Some laws govern bankruptcy and car repossessions. If there is reason to believe that the lender did not follow due process with the car repossession, the attorney will initiate the legal process to overturn the decision.

 It is a good idea to reach out to the attorney early if you are planning to file for bankruptcy. The attorney will fight on your behalf so that you are not losing your most prized asset.

3. Preparing for Bankruptcy

No one wants to declare bankruptcy, but sometimes that is the only way out of your financial mess. Highly detailed paperwork is required, and a small mistake could mean losing your home. Omitting information or submitting the wrong details is taken seriously.

That is why it is not a good idea to file for Chapter 13 bankruptcy on your own. You will also have to go through the means test to qualify for bankruptcy. A bankruptcy attorney will walk you through the complex process to prevent confusion.

If You Decide To Hire an Attorney

Once you have decided to seek the assistance an attorney to help keep your home with the bankruptcy case, you should reach out to a couple of them before making a decision. Having options is recommended, as you will want to work with someone you can easily get along with. Schedule an initial consultation and explain your concerns with the bankruptcy case. A good attorney listens to you and is upfront about the bankruptcy case.

For Chapter 13 bankruptcy, you get to keep your home, provided you can arrange how to clear your debt. You do not want to wait until it is too late before reaching out to an attorney.

Do not make the mistake of filing for bankruptcy without consulting an attorney first. Because the consultations are usually free, you have no excuse to not consult with an attorney!

The Law Offices of Scott R. Schneider is here to help you regain your financial freedom, no matter which phase of the bankruptcy process you find yourself in. We are a team with decades of experience and knowledge who has helped countless clients get back on their feet after experiencing a life-changing event like foreclosure or job loss. Do not let fear keep you from reaching out for help today – call us now at +1-516-262-6493.

The  Law Offices of Scott R. Schneider Serves the New York communities of Hicksville, Jericho, New Cassel, Bethpage, Levittown, Plainview, Westbury, East Meadow, Syosset, North Wantagh, North Bellmore, South Farmingdale, North Merrick, North Massapequa, Uniondale, Wantagh.