If you are behind on car payments or loan payments where a vehicle was used as collateral, you are at risk for car repossession. In Colorado, if you are behind on payments, the lender or creditor can repossess your car at any time. They do not require any court approval. However, bankruptcy can put an automatic stay on the creditor, and the creditor is then prohibited from repossession without getting court permission.
Attorneys That Help Stop Car Repossessions
At The Law Office of W. Robert Montgomery, we can help you stop car repossession. With more than 45 years of combined experience, our car repossession lawyers can explain how bankruptcy can put a stop to car repossession and also allow you to reorganize your life.
If your car has already been repossessed by creditors, you must act quickly. You only have a 10-day window. Creditors are required to provide notice deficiency and sale before they can sell your property. Bankruptcy must be filed within this short 10-day notice window in order to stop the repossession.
Contact our Colorado law office to discuss your case and immediately begin the bankruptcy process. We offer free initial consultations.
Car Repossession in Colorado
If your vehicle has not already been repossessed, you can stop car repossession by filing for either Chapter 7 or Chapter 13 bankruptcy. The lender or creditor is placed on an automatic stay and can no longer seize your vehicle or pursue a deficiency judgment unless they receive permission from the court.
Specifically, with Chapter 7 bankruptcy, if you return the car there is no liability for a deficiency judgment. By filing for Chapter 7 bankruptcy, you are not only avoiding liability but discharging other debts.
Free Initial Consultation About Your Repo Situation
You can stop car repossession today. To discuss bankruptcy protection in a free initial consultation with our Lakewood repossession rights lawyers, please call today at 720-496-1338 or fill out the contact form on this site. Our law office is conveniently located in Lakewood in the Western Denver metro area.
We are a debt relief agency. Our lawyers help people file for bankruptcy relief under the U.S. Bankruptcy Code.