Cars and the Bankruptcy ProcessWashington State Bankruptcy AttorneyMost of us do not have much of a choice when it comes to driving. We have to drive in order to make a living and be able to go about our daily lives. And because we live in such a mobile world, it is no wonder that automobiles are one of the biggest concerns people considering bankruptcy usually have. At Sno-Isle Bankruptcy we understand how important your car is to you and the questions that you have about the bankruptcy process. We can provide you with answers to these questions and we can help you to get started back on the road to financial freedom from the moment you contact us. What about my cars?Cars work the same as houses. If you are current, there is an equity limit (lower than a house, but still reasonable). If you are behind, you can catch up in a Chapter 13 or make arrangements in a Chapter 7. Also, there are companies that specialize in refinancing cars for bankruptcy debtors to rewrite your car loan, often for lower payments. If this interests you, please let me know and I will put you in touch with one of these companies. What if my car is leased?Leases are trickier in bankruptcy. As a general rule, I advise my clients to use the bankruptcy opportunity to reject any car leases and find a new car that they can purchase (on payments if necessary). If you desire to keep your lease, a motion will have to be filed with the court to approve that decision, and the court can always choose to terminate the lease over your objection if the court does not think the lease terms are in your best interests. What about My Driver's License?If your license is currently under suspension for unpaid parking tickets or an uninsured accident, bankruptcy is usually the best option and the quickest way to regain your driving privileges. Our firm can provide you with the advice and information you need to accomplish this. If you have questions regarding a bankruptcy and a Seattle car loan, bankruptcy lawyer Chris Raymond wants to help. If you have additional questions regarding bankruptcy or are ready to take the next step and file your bankruptcy claim, contact an experienced Seattle Washington State bankruptcy lawyer today and get started back on the road to financial stability. Call Toll Free at 1-877-570-5588 Free Attorney Consultation Sno-Isle Bankruptcy |
The Law Offices of Chris Raymond, PSC, is a Debt Relief Agency that helps people overcome their debt problems through the legal tools available to all Americans. This includes helping people file for bankruptcy protection.
