Long Island Bankruptcy Lawyer

Call Toll-Free
(888) 452-2629
Local (631) 289-4600

Bankruptcy Offices throughout Long Island, New York
Long Island Bankruptcy Attorney Firm Overview Attorney Profiles Evaluation Form Contact Our Firm
Bankruptcy Areas of Practice
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

About Repossession

Long Island Bankruptcy Attorney

Repossession occurs when a creditor takes back an item that was purchased on loan, rented or used as collateral. If the debtor defaults on his or her payment agreement with the creditor, repossession may occur, though the debtor is typically notified beforehand. Repossession is most commonly associated with cars, trucks and other motor vehicles, but it may also involve any type of property that was leased or rented. In some ways, foreclosure could be looked at as the repossession of a home, as the bank essentially takes the property back from the debtor.

There are different ways to potentially avoid repossession in the first place, and a Long Island bankruptcy attorney at our law firm can discuss these with you. For example, if you have already fallen behind on your car payments and have been threatened with repossession, you may consider whether filing for bankruptcy would be a viable option to stop debt collection efforts. In some cases, the creditor may be willing to negotiate with you, but if you have had issues with this or believe that you have been the victim of creditor harassment or other illegal conduct, our Long Island bankruptcy lawyer may be able to help you in filing suit against the creditor for their actions.

Filing for bankruptcy places an automatic stay on all debt collection efforts against you, including the repossession of a vehicle or other property if it has not yet been taken from your possession. Chapter 13 bankruptcy in particular may allow you to reorganize your debt in order to work out a payment plan that will allow you to make up past payments and protect your property from being surrendered to the bankruptcy court, as may occur in a Chapter 7 bankruptcy if that property is not protected from liquidation.

Click here to watch our informative videos
Contact us today to receive a free legal consultation

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.