DALLAS REPOSSESSION ATTORNEY
Facing debt collection?
When you are unable to remain current on payments, creditors have the right to recover what they are owed. While all of the various debt collection actions creditors are able to initiate can seriously compromise your personal and professional well-being, repossessions are one of the most concerning forms of collections. Creditors are in business to make money, not to sympathize with the struggles and strains faced by borrowers. As a result, they often take drastic measures to recover their money. Repossessions, a prime example of creditors' concern with their bottom line, involve a creditor assuming ownership of the property for which you have missed payments or defaulted on the loan. Cars, furniture, and other personal property purchased on credit are examples of the most commonly repossessed items.
Repossessions, for many consumers, add insult to injury. At times during which you may already be plagued by debt and financial uncertainty, repossessions can contribute a whole host of additional problems. Repossessions of vehicles can threaten your ability to find transportation to work, as well as your ability to navigate daily tasks. When other personal property is repossessed, it becomes a strong indication that you may benefit from exploring your debt relief options. At Archer Bay, our Dallas bankruptcy lawyer has helped numerous clients, many of whom faced the same situation you may be facing now, find ways to protect their property with bankruptcy protection.
Benefit from the Automatic Stay
Depending on your personal situation, bankruptcy may be just what you need to defend against repossessions and protect your personal property. It can also be an effective way to protect against any other debt collection actions you may be facing, including any of the following:
- Foreclosure proceedings
- Wage garnishment
- Debt collection phone calls
- Creditor harassment
- Utility shutoffs
When you file a formal bankruptcy petition with the court, a court ordered automatic stay will be issued. The automatic stay orders all collection activities, including repossessions, to cease while your bankruptcy is pending. Not only will the automatic stay allow you to protect your property, it can be used to help you find viable solutions to the problems you face. With newly freed up funds and much needed breathing space, you can become current on missed payments, if and when possible. You can also use the time to prepare and chart your finances for your bankruptcy process and financial future.
If you have been facing repossessions, or if you believe that you are at risk of having your property reposed, taking swift, preemptive actions to learn about your options should be your number one priority. As we consider our practice the firm for normal people, we know that we have the focused experience needed to help you successfully defend against all forms of collections. In addition to addressing these pressing concerns, our legal team is also prepared to guide you through the bankruptcy process step by step.
Allow a DFW Bankruptcy Lawyer to Review Your Case
By allowing a member of our legal team to provide you with a free case evaluation, you can learn precisely what your collections defense options are and how our attorneys can help you execute an effective plan. As we have the ability to see curve balls before they're thrown and the skills to resolve matters that others in the industry may shy away from, you can be confident that bold advocates will always be by your side. Do not wait until it is too late. Learn about your options and how Archer Bay can help by contacting an attorney from our DFW bankruptcy law firm today.
