Long Island Bankruptcy Attorney
Bankruptcy Offices throughout Long Island, New York
Long Island Bankruptcy Lawyer Law Firm Overview Attorney Profiles Bankruptcy Evaluation Form Contact Us
Bankruptcy Practice Areas
Long Island Bankruptcy
Alternatives to Bankruptcy
Bankruptcy Exemptions
Bankruptcy FAQs
Bankruptcy Law
Bankruptcy Overview
Consolidate Your Bills
Creditor Harassment
Debt Consolidation vs Settlement
Discharging Debt
Eliminate Your Bills
Filing Jointly
Freezes On Your Bank Accounts
Is Filing Bankruptcy Right For Me?
Life After Bankruptcy
Loan Modification
Tax Debt & Bankruptcy
The Jacoby and Jacoby Difference
The Means Test
Top Bankruptcy Myths
Types of Bankruptcy
Wage Garnishments
Why Hire a Bankruptcy Attorney
Your Bankruptcy Consultation
Bankruptcy Blog
Bankruptcy Videos
En Espanol
Bankruptcy Law

Using Bankruptcy to Defend Against Repossession

Repossession is a type of debt collection action that creditors or third party debt collection agencies may use to recover some of their money when consumers are unable to remain current on their loans, or when they default of their loans. Some of the most commonly repossessed items include furniture, boats, cars, and other personal property that was paid for using credit. Things you buy using a credit card cannot be repossessed.

When you are already having difficulties with finances, repossessions can add insult to injury. As a symptom of larger financial problems, repossessions can be addressed by exploring debt relief and bankruptcy options. In fact, bankruptcy can be a powerful tool for stopping repossession by providing immediate protection and long-term solutions.

Automatic Stay
No matter which Chapter of bankruptcy you file under, the court will issue what is referred to as an automatic stay. The automatic stay is a court order that immediately halts all collection actions against you, including repossession. The automatic stay provides you with immediate protection, and with this protection, you can focus on organizing your finances and preparing for your bankruptcy case.

The Larger Financial Picture
While bankruptcy can be a smart strategy for finding relief and immediate protection, it is capable of helping you achieve much more. Think of repossessions as a symptom of your larger problems with debt, which has likely affected you in other ways. Bankruptcy can allow you to address the larger picture so that you can obtain a better financial future and prevent these difficult experiences from happening again.

Repossessions happen all the time, and to good people. If you are facing repossession, remember that you are not alone, that you have options, and that the Long Island bankruptcy attorneys from Jacoby & Jacoby can help. If you would like more information about stopping repossession and your debt relief options, we encourage you to reach out to our firm.Contact us today to speak with a member of our legal team.

Categories: Foreclosure, Bankruptcy


No Comments Posted
Click Here to watch our Bankruptcy Videos
Fill out the form below to email our law firm.
Leave feedback about our services here.
Bankruptcy Law Visit us on Facebook Follow us on Twitter
Bankruptcy Law
Long Island Bankruptcy Lawyer | Contact Us | Site Map | Privacy Policy

Attorney Web Design

We are a qualified debt relief agency. This is Attorney Advertising. The information on this website is for general information purposes only. Nothing on this or associated pages should be taken as legal advice for any individual case or situation. This information on this website is not intended to create, and receipt or viewing of this information does not constitute, an attorney-client relationship.