Chicago Auto Repossession Lawyer
If financial problems are forcing you to miss car or truck payments, you
run the risk of losing your vehicle to repossession. While the threat
is real, you have legal tools at your disposal that can help you avoid
repossession and get your debt problems under control.
At the Sulaiman Law Group, LTD., we can help you explore debt relief options
for stopping repossession, including
Chapter 7 and
Chapter 13 bankruptcy. Our attorneys have the skill and experience to make the law
work for you.
Contact us today online or by telephone at 312-313-1613 to speak with an experienced
Chicago auto repossession attorney.
How to Stop Repossession in Illinois
Auto loan creditors are aggressive in
repossession of automobiles. Many people throughout Illinois have had their car or truck repossessed
after missing a single payment. If you have missed a car payment, or are
about to, it is important to be proactive.
Filing for bankruptcy can stop creditors from repossessing your property and in some cases,
help you get back a vehicle that has already been repossessed.
Even if your car is repossessed, you may not be off the hook with your
creditors. If your car sells for less at auction than the amount you owe,
you can get sued for the difference, known as a deficiency judgment. While
a deficiency judgment can expose you to creditor lawsuits, bankruptcy
can discharge this type of debt as well.
A knowledgeable bankruptcy lawyer can help you understand the hidden consequences of repossession and how
to avoid them.
Are you facing car repossession or other debt problems in Chicago?
Contact us today online or by telephone at
312-313-1613 to speak with an experienced Chicago auto repossession attorney.