Car Loans in Bankruptcy
If you are struggling to keep up with your monthly car payments and fall behind, you may face repossession. With over 30 years of experience as a bankruptcy attorney in Amarillo, TX, Northern Law Firm can help you lower your monthly payments and reorganize your auto loan finances to get you out of a stressful situation and financially back on track. We also serve the Lubbock area. (You must qualify for relief under the bankruptcy code.)
Many people believe that a lender must file a lawsuit to begin the car repossession process. However, this is not true. Texas law allows creditors with valid liens on vehicles to use “self-help” methods when a borrower is behind on loan payments. This means a lender can start the car repossession process by simply taking your vehicle.
When a lender repossesses a car in Texas without a court order, they cannot commit a breach of the peace. However, a “breach of peace” is not strictly defined under Texas law. Many repossession companies collect vehicles in the middle of the night or while you are at work simply because there is no one to tell them not to take it. Repossession agents can come onto your property and take your vehicle as long as they do not breach the peace.
Once your car has been repossessed, you have a short window of time to try to get it back.
Contacting an experienced bankruptcy attorney about your car loan can help you navigate options to avoid repossession and retain your vehicle. Trying to negotiate with a lender without legal assistance will likely be unsuccessful in getting your car back once it’s been repossessed.
As your bankruptcy attorney for car loans in Amarillo, TX, Van Northern will help you find options, assist you through the legal process in a timely manner, and ensure that you meet all the necessary legal requirements under Texas repossession law.
Contact Northern Law Firm today for a free consultation.