In you own a car that you owe more than it is worth, our lawyers may be able to help lower your car payments. Our lawyers can use a Chapter 7 bankruptcy redemption to lower your payment. Many people are forced into bankruptcy because a car loan company has over-financed a vehicle. A high car payment can make it impossible to afford your car. We may be able to force your car lender to accept a payoff on your vehicle for only the value of your vehicle.
In a Chapter 13 bankruptcy we can “cram down” or reduce what you owe on the car to what the car is worth. Our experienced lawyers will help you figure out if this is a solution for you.
We can even get your car back and reduce your car payment if your car has already been repossessed.