Articles Posted in St. Louis Car Repossession

ONLY $300 UPFRONT ATTORNEY FEES FOR A ST LOUIS CHAPTER 13

The best way to get a repo’ed car back is by filing a St Louis Chapter 13 bankruptcy. When this sort of bankruptcy is filed, then the car creditor has to give the car back, and you are put into a repayment plan to take care of the balance of the loan (along with other secured and priority debts that you owe). A more thorough explanation of the process is described below:

A Ch13 is described as a repayment plan over the course of three to five years. During this repayment plan, certain debts are paid back. These things would include outstanding balances on a car note, tax debt, back child support (if applicable), back mortgage payments, and sometimes a portion of your unsecured debts (like credit cards, medical bills, and payday loans).

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ONLY $300 UPFRONT ATTORNEY FEES FOR A ST LOUIS CHAPTER 13

It depends on how many payments you fall behind. As a general rule, a car creditor will initiate repossession activity at two to three months of non-payment. But it could happen sooner than that. However, the creditor must follow certain rules in order to repo the vehicle. And if those rules are not followed, then a subsequent repossession of the car could be a violation of the law.

When you finance a vehicle, you sign certain documents (like the purchase contract). Within those documents is a brief description of the remedies the creditor may take when you fail to make your monthly payments on the contract. One of which is the ability retake possession of the car.

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ONLY $675 ATTORNEY FEES FOR A ST LOUIS CHAPTER 7

Yes, there is. Very often, the manner in which your vehicle was repossessed was done wrongfully (in other words, the creditor did not follow statutory rules that govern the repossession of a car in St Louis). But there are certain remedies that can be employed to ensure that your rights are upheld.

When a creditor repossesses a car, it must first provide you with certain notifications. This is usually done by way of a letter through regular mail. It should indicate what the deficiency is on your loan, how you can cure the deficiency, what your rights are, and a list of options. A second letter should also be mailed out to you before the repo occurs (indicating that their intent is to repossess the automobile).

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