Repossession After Bankruptcy: What You Should Know

When you file for bankruptcy, the court issues an automatic stay that halts most collection actions against you. This includes repossession proceedings. However, the lender can ask the court to lift the stay and allow them to repossess your vehicle.

If the court grants the request, you'll receive notice of the hearing date and time. You can object to the request, but you must do so in writing and explain why you believe the stay should remain in place.

If the court lifts the stay, the lender can repossess your vehicle at any time. They don't have to give you advance notice. Once they take possession of your car, they can sell it at a public or private auction.

If you're facing repossession after bankruptcy, it's important to understand your rights and options.

The Law Offices of Omar Zambrano has helped thousands of people and businesses in the past to get out of 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 the 12738 Ramona Blvd Baldwin Park CA 91706