Helping People Across Franklin County Save Their Cars
It is easy to forget just how much we rely on our automobiles. Easy to forget, that is, until we are faced with the prospect of repossession. If you have fallen behind on your car, truck or motorcycle payments and are being threatened with repossession, you need to take a close look at all of your options. In many situations, bankruptcy is the best way to avoid the repossession of your vehicle.
If you are thinking about filing for bankruptcy, a bankruptcy attorney can give you the help you need. The law firm of Minnillo & Jenkins, CO. LPA, offers more than 15 years of experience in bankruptcy. We will give the information you need and help you take steps to keep your automobile.
Ohio Attorneys Preventing Vehicle Loss
Filing Chapter 7 bankruptcy will begin what is known as the automatic stay. The automatic stay will at least temporarily stop repossession efforts. Since your lenders have a security interest in the automobile, they can request that the automatic stay be lifted so repossession can begin again.
Chapter 13 allows you to repay any arrearages on your automobile loan over a three- to five-year time frame. Chapter 13 can also offer major savings for people who are behind on their car payments. If you have owned your vehicle for more than 910 days, you may only have to pay what your vehicle is worth, and not what you owe on the car. For example, if you owe $15,000 on your car, but the car is now worth only $10,000, you can restructure your payments so you only have to pay $10,000. We may also be able to help you reduce your interest rates.
Contact the Columbus Repossession Protection Lawyers of Minnillo & Jenkins
We are ready to take immediate action on your behalf. Call our Columbus office at 614-500-4755 or e-mail our law firm today to schedule your free initial consultation.
We are a law firm and a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.
