Vehicle Repossession Resolution by Bankruptcy Lawyers in Richmond, VA

Stephen Relyea and Veronica Brown-Moseley lawyers in richmond helping clients with vehicle repossessions through bankruptcy

Attorneys Helping You Catch Up on Car Loan Payments

If you are dealing with vehicle repossession issues, losing your transportation can impact your ability to access your job and basic necessities. While it is a scary situation, there is hope.

You don’t have to lose your vehicle. Filing bankruptcy can help protect your property and give you a timeline for returning to economic stability.

Financial Freedom Legal gives you peace of mind during an otherwise stressful time. We are here to help you keep your vehicle and create a plan to manage or discharge your debt.

Managing Chapter 13 Bankruptcy Cases in Virginia

If you have fallen behind on your vehicle loan payments, filing a Chapter 13 bankruptcy case can prevent your vehicle from being repossessed.

Filing Chapter 13 can help you regain your vehicle if it was already repossessed.

Under Virginia law, your vehicle loan creditor has to wait ten days from the date of the repossession before moving forward with selling your vehicle. If you file bankruptcy before the car is sold, our lawyers can help you get your vehicle back and secure it going forward.

You need your vehicle and not having access to transportation is not an option. You do not have to fight your vehicle creditor alone. The right legal representation can significantly improve your financial situation for years to come.

Bankruptcy Related Links

Adjusting Your Car Loan is The Right Turn To Take

Bankruptcy may allow you to pay less than you owe for your vehicle loan.

In some cases, you may also adjust the terms of your vehicle loan and pay back less than what you owe on the loan, keep the vehicle, and get your title at the end of your case.

If you financed your vehicle more than 910 days before filing a Chapter 13 bankruptcy, you are only required to pay up to the value of the vehicle, even if that amount is less than what you owe on the loan.

For example, if you meet the time requirements and you owe $20,000 on your car loan, but the car is valued at only $10,000, including the loan in a Chapter 13 bankruptcy would allow you to pay only the $10,000 value. Paying up to the value will satisfy your loan and you’ll gain your title.

Additionally, if you have refinanced your vehicle loan or if you used the vehicle title as collateral for a loan, you would only need to pay the value of the vehicle in order to satisfy the loan and get your title.

Bankruptcy lawyers in their office to help clients with vehicle Repossession

Finish Your Vehicle Payments Through Bankruptcy

You can keep and pay off your vehicle through a Chapter 13 bankruptcy. In Chapter 13, you make one bankruptcy plan payment each month, usually over a period of three to five years.

That monthly payment could cover your vehicle loan, as well as all your other debts, including:

Missed mortgage payments
Missed rent payments
Child support
Spousal support arrears
Tax debts
Student loans
Furniture loans
Credit cards
Medical bills

You will get the legal assistance needed to make sure you have the most affordable payment possible.

In many cases, the monthly bankruptcy plan payment is significantly less than the minimum amount you are paying on these debts outside of bankruptcy.

You also have the option to include only the missed vehicle loan payments in your bankruptcy and continue to make the ongoing regular monthly vehicle loan payments going forward.

Willie Broyles

20:01 28 Nov 23

Very helpful in my free consultation! Very professional and caring.

JwagstaffIII Wagstaff

22:30 04 Nov 23

Andrea Huff

16:51 15 Oct 23

They made it a lot easier than I thought it would be.I wasn’t sure they would be able to do anything for me but I’m so happy they were. Thank you Veronica Brown-Moseley for easing my worries and stress.

Calvin C.

06:56 10 Sep 23

I came into your office looking for financial freedom and I was met with nothing but complete professionalism. Working with Veronica and Megan, made the process comfortable, easy and quick. I just want to say thank you for helping towards a peace of mind!

Charles Houston

00:01 16 Aug 23

Friendly professional felt like a family member

April Fontaine

15:45 17 Jun 23

Veronica and Steve are both great attorneys to work with. They make you feel comfortable and make the process easy. Thank you both for all you do. I highly recommend Financial Freedom Legal

Pamela Rose

19:27 14 May 23

Thank you so much. I walked into your office scared and worried. However that quickly eased, once I met with office personnel and Attorney, Veronica Brown-Mosley, respectfully. She listened, took control and followed up, thoroughly. I greatly appreciate you being there. Thank you so much. Highly recommend!

Jonathan Snow

01:53 04 May 23

Financial Freedom Legal are probably the most professional/upfront debt solution company in business. Veronica is 1 of the owners and legal consultants for this company and she is the most knowledgeable, welcoming, and professional person that I’ve ever conversed with in this field. She answered everyone of my questions, and was patient enough to listen to everyone of them that I asked her while also offering different financial options to choose from.

After contemplating using the service of Financial Freedom Legal, and consulting with Veronica I decided that my circumstances didn’t necessarily require going this particular route, but if I ever find myself going in that direction Veronica and Financial Freedom Legal will be the company that I will do business with.