Yakima Repossession Lawyer
Fighting Repossession
Getting behind on your car payments can not only result in harassing phone calls and letters from creditors, it can also lead to repossession. Creditors are not obligated to notify a person that their vehicle is going to be repossessed. Your car can be taken any time your payment is late. If you catch up on the missed payments, the creditor must return the vehicle. You will however, need to pay any towing or storage fees as part of the loan reinstatement process and other costs . This information is provided in a notice that the lender is legally required to send out after your vehicle has been repossessed. You most likely will be unable to reinstate your agreement if the vehicle was leased. When a car has been repossessed, it will be sold in approximately two weeks. The proceeds of the sale will pay any remaining monies due on the agreement. If the sale does not generate enough income to pay off the loan, you will be financially liable for the remaining balance. For many individuals, repossession not only results in the loss of their vehicle, it leaves them with a debt that still needs to be paid. If you are facing repossession, or your vehicle has already been taken, contact a Yakima bankruptcy attorney at once. A lawyer can review your loan agreement, and discuss all of your legal options. If your lender violated any laws during the repossession process, an attorney can also take measures to safeguard your rights and interests.
Repossession Attorney in Yakima
When a person falls behind on their car payments, it is usually an indicator of a serious financial situation that is affecting many areas of their life. Eastwood Law is an established bankruptcy law firm that can review your finances and give you advice on how to eliminate your debts. Professional and compassionate attorneys at our firm will discuss all of your alternatives, including filing for bankruptcy. When a bankruptcy petition is submitted to the court, an automatic stay is issued that will put an immediate stop to:
Our firm provides personalized and efficient legal services with the goal of helping you regain your financial footing. We work closely with our clients to develop a financial plan that will eliminate their debts in the most effective way possible.
Contact a Yakima repossession lawyer for skilled legal counsel and representation if you are facing repossession.