We all get in financial binds at some point. In a rough economy in Houston, it can be very easy. One of the areas this can happen is with car and truck loans. Some people, for different reasons, become delinquent on their car or truck payments and face repossession of their vehicle. We once had a lady call our office and tell us the “repo man” had taken her truck while she and her husband were in the grocery store. After the couple spent all their money on groceries, they found themselves having to walk for miles with their bags to get home. This is a terrible situation, and we don’t want to let this happen to you.

The key to this type of situation is not to wait too long to contact our office. In many cases if you qualify, you can file chapter 13 to stop the repossession. When a chapter 13 is filed, a court order goes into effect stopping your finance company or title loan company from taking your vehicle. If they have already taken it but have not sold it off just yet, there may still be time. After the repossession is halted, a chapter 13 plan can be proposed, and you can pay for the vehicle over the next 3 to 5 years with reduced interest at a level you can afford. Don’t lose your vehicle in a situation you may be able to fix. Call our Houston, Texas bankruptcy law office today, and tell the receptionist you need an urgent appointment.

J Thomas Black
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Board Certified, Consumer Bankruptcy Law- Texas Board of Legal Specialization