When it comes to buy a car, many decide to take out a car loan and making monthly payments over a set period of time. The idea for many is that this spreads out the payments, making the car more affordable. However, while many take out an auto loan with the intention of making payments in a timely manner, there are plenty of people in the Milwaukee area who end up behind on their payments and living in fear of repossession.
With vehicle repossession, it is important to know that simply falling behind on payments is enough of a reason for a car to be repossessed. Typically, the creditor does not even need to inform the driver that their car is being taken.
At Miller & Miller Law, LLC, we see these types of issues come up time and time again. However, instead of just letting the car be repossessed, or constantly having to worry that you will wake up without a car, we are here to tell you there may be debt relief options on your side.
For example, if someone files for bankruptcy — either a Chapter 7 or Chapter 13 bankruptcy — an automatic stay will be put in place. This prevents creditors from being able to collect against you, for at least the time being.
At Miller & Miller Law, LLC, we do not just stop there though. We can help with not only filing for bankruptcy, and possibly getting a car back that has already been taken, but we can also provide representation in cases where a deficiency judgment has been made or in cases where a creditor did not follow the proper procedures when repossessing or selling your vehicle. Visit our website to learn more about how we handle cases involving delinquent car loan payments.