Repossession Lawyer In Fort Worth

No one wants to lose his or her items to repossession, but the sad reality is it is a very real risk if you are behind on your payments. The most common asset that comes to mind when discussing repossession is a car, but items such as appliances are also at risk when people fall on hard times. What can you do to protect your assets from repossession? Bankruptcy may be an available option.

At Sisemore Law Firm, P.C., our knowledgeable lawyers can help you understand all of your options. If your overall indebtedness is the reason you are facing repossession, bankruptcy may be the most efficient way to protect your assets and allow for a positive resolution.

Secured Debts And Repossession

Your car, your house and even your appliances — if you are paying for them on an installment plan — are secured debts. This means if you do not make your payments, the repercussions can include the asset being taken back by your creditor. For a home this means foreclosure. For a car or other item, this means repossession.

If a creditor is looking to repossess your car, filing for Chapter 13 bankruptcy may be an option for you. In Chapter 13, you will use a portion of your monthly income to make payments on a repayment plan to your creditors. After three to five years your remaining unsecured debts will be discharged. The goal is to restructure your finances in a way that allows you to make payments on your secured debts and get your financial house in order.

Contact The Attorneys Of Sisemore Law Firm, P.C.

Fearing repossession? Is bankruptcy right for you? We offer a free, no-obligation consultation to prospective clients, where we can answer your questions and prepare you for the process ahead. Contact our Fort Worth, Texas, firm today to schedule an appointment.

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