The Truth About Car Repossessions And Bankruptcy

Are you avoiding the repo man? Are you still receiving harassing phone calls even after you turn the car back in? We can help!

 If you have fallen behind on your car or truck payments, filing bankruptcy can help! One of bankruptcy’s most powerful tools is the fact it can start to work right away. Its “automatic stay” can stop the repo man immediately. Once a bankruptcy has been filed, it is very difficult for the finance company to repossess your car or truck. WE CAN SLOW DOWN THE PROCESS OR EVEN STOP IT ENTIRELY. Bankruptcy may even help you get your car back after it has been recently repossessed, but you must act fast.

In some cases, a good bankruptcy attorney can spread your past due auto payments over 36 or 60 months without further penalties or interest in a Chapter 13 bankruptcy reorganization plan. In other cases, we may be able to reduce the TOTAL amount you owe on the vehicle. THAT MEANS THAT instead of paying THE $15,000.00 you owe on the car, you only have to pay the $9,000.00 that it is currently worth and we can work at putting you into a comfortable payment plan. The sooner you see us, the more options you may have. Before your car gets repossessed is when you have most power over the banks, and we can help you the most.

On the other hand, sometimes it’s not worth keeping a car. MAYBE you can’t afford the payments or the car is just not worth what you owe. In many bankruptcy cases, we simply include the money you owe on your car in with your other debts and wipe it out in the bankruptcy. No more stress for you and no dealing WITH the repo guy!

Some people think that once their car or truck has been repossessed, they no longer owe any money. The bank got the car back and the debt should be gone. WRONG! That is not how it works. Once your car has been repossessed, it will be sold at auction. If it sells for less than what you owe (which it nearly always does) the bank will come after you for the difference. They can start the harassing calls again, file a lawsuit and even garnish your wages. You might be able to avoid all this from happening.

If your car has been repossessed or is in danger of being repossessed call us NOW for a free no obligation consultation at 305-663-3281. The sooner you do, the sooner we can discuss your options, the sooner we could find a solution for your problems and the sooner you will feel relief.

The Truth About Credit Cards and Bankruptcy

Used correctly, credit cards can be a useful financial tool. However, if your balances are spiraling out of control, they can become an awful burden. Nobody plans on running up credit card balances but once you got a balance you can’t handle they can become a burden. Use our debt calculator and learn the sobering truth of how long it will take you to pay off your credit cards if all you can do is pay the minimum. As you move through life, the debt begins to weigh you down, keeps you from sleeping and starts to affect your family life and work and prevents you from getting ahead.
We can help!

How to tell if your credit card debt is out of control

Can you answer yes to two or more of the following questions?

• Have you maxed out more than one credit card?
• You don’t know how much debt you have?
• Are you flipping debt from one credit card to another?
• Do you leave your monthly credit card statement unopened?
• Are you struggling to pay the minimums on your credit cards trying to preserve an inflated credit score, hoping for better days ahead?

If you answered yes to two or more of these questions, you should talk to one of our experienced bankruptcy attorneys. The best way is to set up a free no obligation consultation by calling us at 305-663-3281. What is more important your family or your American Express?

Credit cards post-bankruptcy

One of the common myths regarding bankruptcy is that you won’t get new credit. Not true! In fact, many of our clients get credit card offers within 3 months of their bankruptcy discharge. True, these are small $500 limit cards with ugly interest rates, but they may be the key to rebuilding your credit. Post-bankruptcy discharge all your unsecured debts are wiped out. Unburdened by existing debt, and with your current income, you actually become a fairly attractive candidate for new debt. Use these new cards heavily, but responsibly (PAY THE TOTAL BALANCE EVERY MONTH OR DON’T USE) - they can be the key to reestablishing your credit history and getting a 700+ credit score within 2 to 3 years. Some of clients have been able to finance cars at a decent rate with 12 months of the bankruptcy discharge and purchase a house within 24 months. The key is to use new credit heavily, but to run no balances month to month. You can do it!

To find out more set up a free no obligation consultation by calling us at 305-663-3281.

Stop Bill Collectors from Calling

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Are bill collector calls driving you crazy? We can stop the calls now!

Do strange phone numbers call your mobile phone and home phone through all hours of the night? Are you getting letters from law firms threatening to garnish your wages, seize your bank accounts, repossess your car or put a lien on your house? Is the stress of unpaid bills affecting your family and work life? Want it to stop? We can help!

Bill collectors are relentless-they will stop at nothing. It is the job of the bill collector to make you upset, threaten you and never give up-all to get you to pay bills with money that you don’t have. Fortunately, there is a solution.

The U.S. Federal Bankruptcy Laws are designed to give you a fresh start. They can stop the bill collectors now. All you have to do is let us help you!

Once your creditors know that you have hired the Bankruptcy Law Clinic as your attorney, we will deal with the creditors directly and make sure the calls stop. Did you know that you can sue creditors if they call after they have been made aware that you hired an attorney? Under both Federal laws and the Florida Fair Debt Collection Practices Act, we will make sure they stop calling you! Really!!

After you file bankruptcy, it is illegal for bill collectors to continue any collection efforts. Once your Chapter 7 bankruptcy has been successfully completed, those debts are wiped out forever. No matter if you land a great new job or win the lottery, your old creditors can never come after you. It’s the fresh start you’ve have been waiting for and we can help you get it!

“Since I filed…I feel like a weight has been lifted off my shoulders”.

“You guys walked me through any problems I had. I would recommend you to anybody found in my situation”.

These are just a couple of quotes from some of our many clients that are now enjoying a debt free future.

The first step is easy. All you have to do is call us at 305-663-3281 to schedule your free initial consultation. We have an office near you. Come and enjoy a no obligation meeting that could be your first step to a bright future. Unlike many other law firms, we guarantee that you will meet with an attorney to discuss your unique situation and find the option that is best suited for you. We at the Bankruptcy Law Clinic are dedicated to find the solution for you and your family. Call (305) 663-3281 now.

Will I lose my home if I file for bankruptcy?

More Bankruptcy Mistakes

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1. Transferring property out of your name


A bankruptcy trustee (the person who reviews bankruptcy cases) can reverse a transfer of property that previously belonged to you if the transfer was made within the last four years with the intent to delay or defraud a creditor. They can even do it even if simply a fair price was not received. Don’t be cute!

2. Line of credit/second mortgage to pay off credit cards

Don’t take a loan against your real estate in an effort to reduce the equity to pay off your debts. You can often file bankruptcy and not lose this valuable asset. If you take out a second mortgage to pay credit card debt, you may be putting your house at risk.

3. Failing to appear in court

You can’t avoid a lawsuit simply because you’ve decided to file bankruptcy. A collection case continues until your bankruptcy case is actually filed, which occurs only after the fees have been paid and you have provided your attorney with ALL the information needed. Retaining an attorney to file bankruptcy is an important first step, but it isn’t the end!    

Will everyone know that I filed for bankruptcy?