Putting a Stop to Car Repossession

Unless you live in Minneapolis or St. Paul where public transportation can be a reasonable substitute for owning a car — having a car is as essential to most people as heating your home in winter.

If you have fallen behind on your car payments and are worried about repossession, you should know that filing a Chapter 7 or Chapter 13 bankruptcy before your car is repossessed may allow you to keep it. At the very least, it will buy you valuable time to make other transportation arrangements.

At Prescott Pearson & Tande, PA, our attorneys have focused solely on helping Minnesota families and small businesses get a fresh start through the bankruptcy process since 1975. We're confident that we can help you too — even if it turns out that bankruptcy isn't the right solution for your needs. We have a wealth of experience handling Chapter 13 and 7 bankruptcies, exemptions and a range of related debt relief matters. Speak with an experienced bankruptcy lawyer about the issue of car repossession, call or contact our Twin Cities area law offices for a free consultation today.

Avoid Losing Your Car Even if You Still Owe Money on It

Lenders often choose to work with car owners instead of taking repossession actions. If repossession of your vehicle is a real possibility, your lender needs to be contacted immediately so that you can make payment arrangements. If too much time passes between the threats of action and the time you contact them — the car is likely to be repossessed and sold for less than your loan amount and then the lender will come back to you seeking the difference between those amounts.

This is the worst-case scenario, but it can be avoided in most cases.

At the free initial consultation, we'll sit down with you and look at whether keeping the car is possible or realistic, or whether repossession makes more sense. We'll also be happy to answer any questions you have and explain the various available options, including reaffirmation, redemption and the more complicated 910-day "cram down" rule.

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

Contact Us to Schedule a Free Initial Consultation

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

The bottom line? If you're worried about car repossession — you can get the answers and information you need today by calling or emailing our lawyers for a free consultation.

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