Put A Stop To Repossessions
If you are worried about losing your car or another asset to repossession, it may be time to talk to an attorney. Whether you fear your vehicle will soon be repossessed or it has already been repossessed by the lien-holder, our team at the Law Office of Rich & Rich in Memphis can help you. We know how important your personal property is to you, especially your car.
With more than three decades of experience helping individuals and families solve their financial problems, we can provide you with solid advice regarding how to keep your property. Often, filing for bankruptcy is the most effective way to stop repossession and to get you on a path to a better financial future.
We Will Protect Your Rights And Assets
If your property has already been repossessed, you will receive a letter indicating you have 10 days to contact the lien-holder and work out a payment plan in order to get your car or other personal property back. If you are unable to work out a manageable plan, contact our law firm for immediate assistance.
In most situations, we help our clients file for Chapter 13 bankruptcy if their cars have been repossessed and they want to get them back. If you qualify and decide to file for Chapter 7 bankruptcy, the lien-holder will keep the car or other item.
If Chapter 13 is filed within the 10-day period mentioned above, we will send a notice to the lien-holder informing the party of the filing. Then, one of three things will happen:
- The repossessed item will be returned to you.
- The repossessed item will be returned to you with a fee.
- The repossessed item will not be returned to you and we go forward to get your vehicle back at a turnover hearing.
If the item is not returned, we will file a notice of turnover and a hearing date will be scheduled. Attorney Charles Rich will represent you at the hearing and fight to get your property back.