Repossession After Bankruptcy: What You Should Know
If you're in the process of bankruptcy, you may be wondering if you'll ever be able to get another car. The good news is, you can! Here's what you need to know:
First, your bankruptcy trustee will likely require that you surrender your current vehicle. However, you may be able to keep your car if it's worth less than a certain amount (called the "exempt value") and if you're current on your payments.
Second, after your bankruptcy is discharged, you may be able to get financing for a new car through a subprime lender. These lenders specialize in lending to people with bad credit, and they may be willing to work with you even if you've recently gone through bankruptcy.
Third, it's important to start rebuilding your credit as soon as possible after bankruptcy.
The Law Offices of Omar Zambrano has helped thousands of people and businesses in the past to get out of the debt and start over.
Our goal is to help you find a fresh start FAST!
Schedule your free consultation today! By Calling 626-338-5505 or visiting us at 12738 Ramona Blvd Baldwin Park CA 91706