Repossession is a legal process whereby the lender collects property owned by
the borrower in which the payments have fallen delinquent. A lender may repossess
a vehicle a day after a payment is missed.
If you are facing repossession, if you have fallen behind on your vehicle payments
or are having trouble making your vehicle payments, the bankruptcy laws can help.
When your bankruptcy petition is filed, an automatic stay will go in effect and
stop all repossession proceedings. The Law Offices of Lin & Wood will sit
down with you during a
Free Consultation and discuss how the bankruptcy laws can
help you keep your vehicle. Depending upon your income, expenses and assets, a Chapter
13 bankruptcy or Chapter 7 bankruptcy can help you keep your vehicles. Contact our best
Oakland bankruptcy lawyer to explain the exemptions that will protect any equity you may have in your car or truck.