Stop Repossession in Minnesota

Minnesota's Bankruptcy Law Firm for More Than 40 Years

Without a car, your life can be put on hold. Unless you can find other transportation arrangements, you will not be able to go to work or look for a job. You can no longer run errands or visit your friends. Your world suddenly grows small.

If you have missed one or more car payments, you face the real possibility of repossession and the loss of your means of transportation. You should take a close look at your finances and your options.

At Prescott Pearson & Tande, PA, we help people get debt relief and keep their property, including their vehicles. Over the course of more than 40 years, our firm has helped thousands of clients stop repossession, garnishments and collection lawsuits.

Filing Bankruptcy Stops Repossession

Filing Chapter 7 or Chapter 13 bankruptcy puts an automatic stay on vehicle repossession actions. With Chapter 13, you will receive a three- to five-year debt repayment plan, after which your remaining unsecured debts are discharged. The extra cash flow you receive makes it easier to make your vehicle and house payments, and any past-due car payments can be rolled into your repayment plan.

Chapter 7 enables you to completely discharge credit card debts, medical bills and other unsecured debts. Our firm has helped many people keep their cars in Chapter 7 bankruptcy, by arranging for repayment plans or reaffirmation agreements. This document reaffirms your ownership of the car, the lien the lender holds on it and the terms of the loan.

When You Owe More on Your Car Than It's Worth

Even if you let the lender take your vehicle, it could still sue you to collect the difference between the outstanding loan value and the market value of the vehicle. Our attorneys have solutions for people in this situation, such as Chapter 7 or Chapter 13 bankruptcy. Let us explain your options and how we can guide you to a brighter future.

"This Is All We Do, and We Do It Well."

Contact a Lawyer from Our Team Today ∙ Free Consultations

  • Minneapolis-St. Paul Area: 651-968-8096
  • Minnesota Toll Free: 888-366-0827

For a free consultation with a Minneapolis repossession attorney, contact Prescott Pearson & Tande, PA

We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.