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What happens when my car is repossessed?
If you had a car that was repossessed, your wages may be garnished or your bank account may be seized. This may happen even if you are just a cosigner of the loan.
The car will be sold at auction and is more often than not sold at less than what is owed. You will be responsible for the difference. The lender will sue if you don't pay the difference.
If you file a Chapter 7 Bankruptcy the money you owe could be eliminated. In a Chapter 13 Bankruptcy some or all of your debt may not be eliminated. However, you will be given up to five years to pay back what is owed.
If you need a New York bankruptcy attorney then you can access
information from them immediately when you call the toll free number
1-855-625-0800. Attorney Jeffrey Peltz and his staff have helped more than
20,000 clients in the New York area.
Find out more about your bankruptcy options in New York at:
Read testimonials from New York lawyer, Jeffrey Peltz from his satisfied clients:
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