A Chapter 13 Bankruptcy will stop a repossession from happening right away. Using the debt repayment plan, the past due arrears can be paid over 5 years while also keeping you current on the vehicle as well.
If you want to give the car up but do not want a repossession on your record, you can also discharge your car loan obligation in a Chapter 7 Bankruptcy. This will allow you to return the vehicle and not pay a single dime more on the loan.
Time is of the essence when faced with a repossession, contact one of our Attorneys today for a free consultation.