How to prevent car repossession and recover a vehicle in Phoenix, Tucson, and Glendale

If you are on the brink of having one of your vehicles repossessed we can answer the question “how do I prevent me car or vehicle from being repossessed?” and can help advise you as to what you need to do. If you are concerned about car repossession, the time to talk to an experienced bankruptcy attorney in Phoenix, Tucson or in your region in Arizona is now!

If your car has already been repossessed, we may be able to help you recover your vehicle, provided you file for bankruptcy soon after the seizure of the vehicle. No matter where you might be in the repossession process, you need an experienced voice to guide you through the process.  The My AZ Lawyers is the right bankruptcy attorney to stop your repossession with representation in Phoenix, Tucson, Mesa, Glendale and throughout Arizona.

The laws differ from state to state, but generally, in Arizona, if you are behind on car payments, the lender may take possession of your car without notice. Unless there is something in your financing contract that states something to the contrary, your car can be repossessed by the lender if you are only one day late. You are not required to give the car to the lender, but the lender may take it from the street or a parking lot without notice.  If the car is repossessed, the creditor may sell the car at an auction. Please remember that you may still have to pay the balance remaining on your loan after the auction sale of the vehicle.  You will also be responsible for the creditor’s collection expenses.  Repossession is a serious circumstance and it is important to avoid repossession in at all cost.

Facts about Repossession:

How much will repossession affect my credit?

Repossession, regardless of where in Arizona you live, be it in Phoenix, Tucson, Mesa, Glendale or elsewhere, is definitely a black mark on your credit report. It is unclear the extent of the exact damage that a repossession has on your credit score.  One thing that is for sure is that an unpaid repossession is viewed less favorably than a repossession that is ultimately settled or satisfied. If a creditor has already threatened to repossess your vehicle, you have to believe that their threat is serious. Without further notice, your method of transportation could be taken away from you as your lender can repossess your car without notice if you have not made your payments.  There is no time to waste. Immediate action is strongly suggested by you in order for you to keep your property.  If you are facing a repossession in Phoenix, Tucson, Glendale, Mesa, or another part of Arizona you should contact The My AZ Lawyers and find out what options are available for you in order to STOP REPOSSESSION.  Call Today!  (480) 263-1699.  We offer free face to face and free phone consultations.

Avoiding Repossession in Phoenix, Tucson, Glendale and throughout Arizona

The easiest way to avoid repossession in Arizona is to make your payments and abide by the requirements of your vehicle’s financing contract. If you do not make your payment when it is due, you are in default under the financing contract.  Another way that you may be in default under your contract is if you allow your vehicle’s insurance to lapse, or if you fail to perform any other requirement of the contract.  If you are in default under your current financing contract, the creditor has the right and can take possession of the vehicle. Something important to remember, you are not required to give your vehicle over to the creditor if the creditor has not obtained a court order. On the flip side, it is also important to remember that the creditor does not have to notify you of its intention to repossess the vehicle.  If you are in default of your financing contract, your vehicle could just disappear without notice.

Can I get a car back after it has been repossessed?

Yes, you can get your vehicle back by filing for Chapter 13 bankruptcy in Phoenix, Tucson, Glendale, anywhere in Arizona. The key is that you have to file your Chapter 13 bankruptcy before the creditor has sold the car. A repossessed car in Arizona must be held for 10 days after it is repossessed. After that time, the creditor may sell the car.  With time being of the essence, there is no better time to contact an experienced bankruptcy attorney in Phoenix, Tucson, Glendale or your area of Arizona.

Can Chapter 13 bankruptcy stop repossession?

Yes!  Filing for Chapter 13 bankruptcy Phoenix, Tucson, Glendale, Arizona can actually stop repossessions. If you own a car or other vehicle that has been repossessed but not yet sold by the creditor at the time that you file your Chapter 13 bankruptcy, the court may order the creditor to return your vehicle to you.

There are many good things that can happen with your vehicle through filing a Chapter 13 bankruptcy in Phoenix, Tucson, Glendale, Arizona.  In a Chapter 13 bankruptcy filing the interest charges on your vehicle may be reduced.  There is also the possibility that your monthly payments will be decreased through your Chapter 13 bankruptcy filing.  In certain Chapter 13 bankruptcy cases, the balance that you have secured in the vehicle may be reduced to the vehicle’s current market value, even if the current market value is much less than balance of the loan that you have on the vehicle.  In Chapter 13, you pay for the car in a single monthly payment which consolidates all of your bills.  Often this one payment can be lower than your old car payment alone.

Repossession, Foreclosure, Credit Card Debt, Angry Creditors, Payday Loans, Wage Garnishments, and Harassing Phone Calls can really affect your everyday life.  Contact a Arizona  Bankruptcy Attorney and get yourself a “Fresh Start”.

The My AZ Lawyers will work with you to get your car back. We offer free initial consultation and a free debt evaluation. Call today! (480) 263-1699.

Click here to begin your Fresh Start.