Legal Question in Credit and Debt Law in Florida

Reposesition

I am three monthes behind on my car and truck payments

is there anything i can do to try to stop reposesition of these vehicles , my family had a illness is the reason why the payments are behind and the bank wont work with me in catching up on them


Asked on 8/29/00, 4:52 pm

1 Answer from Attorneys
Michael Duggar Buchalter & Duggar

Re: Reposesition

If the bank will not work with you, you can file a bankruptcy. A chapter 13 reorganization will allow you to make payments to catch up what you owe over time, roughly 36 to 60 months. If the vehicles are repossessed prior to the filing, the bank does not necessarily have to return the vehicles. Consult a bankruptcy practitioner in your area for more details.

Read more
Answered on 10/03/00, 9:02 am


Related Questions & Answers

More Credit, Debt and Collections Law questions and answers in Florida