Filing Bankruptcy Can Help You Get Your Property Back
It's not an uncommon occurrence in Massachusetts: You leave work at the end of the day and find that your car is missing. Assuming the vehicle has been stolen, you call the police to report the theft. Only then do you find out that a creditor has repossessed the vehicle to repay a debt.
At UHLLAW, PC, we offer a free initial attorney consultation to discuss your options if a vehicle of yours has been repossessed. We have offices in Worcester, Fitchburg, Boston, Orange and New Bedford in Massachusetts.
What Types of Property Can Be Repossessed?
The most common type of repossession is a fairly new vehicle such as a car, boat or truck. Valuable business equipment can also be repossessed. While appliances, television sets and other assets can be repossessed, most creditors will not bother to do so.
Who Can Repossess My Property?
Repossessions aren't limited to finance companies who have a secured interest in your vehicle. Credit card companies, plaintiffs in legal cases, and other creditors can obtain a court judgment to repossess cars, trucks and other property you own. Your property can then be sold at a sheriff's auction to pay off your debt.
How Do I Stop a Repossession?
Filing Chapter 7 or Chapter 13 bankruptcy may allow you to get your vehicle or other property back. By filing bankruptcy, you can also obtain a discharge of unsecured debts that you owe.
When Is It Too Late to Get My Car Back?
You can get your car back as long as it has not been sold. It usually takes about a month to sell vehicles after they have been repossessed.
Free Bankruptcy Lawyer Consultation
Come with questions and leave with answers about how we can stop repossessions and get your property back. Call 888-219-3993 or fill out our contact form to schedule a free initial consultation with a bankruptcy lawyer.
