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Unlike most bankruptcy firms in the Dallas / Fort-Worth area, Allmand Law Firm, PLLC spends the time to understand the complete financial picture for every one of our clients. We provide resources, tools and advice to address the unique needs of North Texans.

Recent Posts in Repossessions

  • Can I Keep My Car When I File Bankruptcy?

    Posted By Allmand Law Firm, PLLC || 14-Jun-2013

    Debtors often wonder what will happen to their car when they file bankruptcy. In most cases, you get to keep your vehicle during and after your case is closed. Even if you are behind on payments when you file you may be able to retain possession of your vehicle through exemptions offered. The outcome of your case may depend on which chapter you file; either Chapter 7 or Chapter 13 bankruptcy. In ...
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  • Can Bankruptcy Help Get My Vehicle Back After Repossession?

    Posted By admin || 27-Mar-2013

    Filing Bankruptcy After Repossession Bankruptcy is known for helping people stop vehicle repossession when they file before the lender attempts to take the property. But what happens if the repossession has taken place before your petition was filed? Can you get it back? There is a possibility you can get your vehicle returned to you after beginning the filing process, yet under certain ...
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  • Can My Car Get Repossessed After Filing for Bankruptcy?

    Posted By admin || 5-Mar-2013

    Getting Repo'd After You Filed Bankruptcy If you've fallen behind on car loan payments, it's common to worry about your vehicle getting repossessed. Debtors who file for bankruptcy protection often do so when they fall behind on paying bills or are struggling to make ends meet while trying to pay for necessities each month. So if you haven't been able to make a payment on your vehicle, you may ...
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  • Can I Keep My Vehicle in Chapter 7 Bankruptcy?

    Posted By admin || 31-Jan-2013

    Many consumers may wonder if they can keep their vehicle in a Chapter 7 bankruptcy. There is a motor vehicle exemption that may help protect your vehicle including any equity it may have. In understanding how much protection you qualify for includes reviewing the amount of equity you have in your vehicle. This often depends on whether you own the vehicle free and clear (meaning you have the full ...
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  • Can Bankruptcy Help Me Keep My Motorcycle?

    Posted By admin || 13-Dec-2012

    Consumers interested in filing bankruptcy may come across myths and misconceptions that cause confusion. For instance, some are under the impression that as soon as they file bankruptcy they must surrender their assets. This isn't true and it's not often the case. If you have a motorcycle it is likely you'll be able to keep it with a few things being considered. When you file bankruptcy it is ...
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  • How Chapter 13 Bankruptcy Can Help You Keep Your Vehicle

    Posted By admin || 14-Aug-2012

    Can Filing Chapter 13 Help You Keep Your Vehicle? Chapter 13 bankruptcy is a repayment plan that helps reorganize debt obligations. Payments are made based on a schedule that's approved by the court. While the chapter is commonly known for helping debtors keep their home and prevent foreclosure, it can also help you keep your vehicle by preventing repossession and lowering payments. If you're like ...
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  • Subprime Car Loans And Bankruptcy's "910 Day" Rule

    Posted By admin || 15-Aug-2011

    Bankruptcy's 910 Day Rule Debt troubles don't really have a timeline where things start out bad and then get a better over time. To the contrary, debt troubles start out slow and then snowball into an avalanche of financial crises which usually end only once the debtor files bankruptcy. That's why bankruptcy's 910 day rule doesn't make much sense. The rule states that a debtor cannot modify any ...
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  • How Should Debtors Handle Repossessions When Considering Bankruptcy?

    Posted By admin || 28-Jul-2011

    If you're behind on your car payments you have probably considered filing bankruptcy. The only problem is that if your car is repossessed and sold at auction before you file your bankruptcy, there is no way of getting it back. So what should a debtor do if they are facing repossession while they are still considering bankruptcy? Let's take a look at a few tips: The first thing a debtor considering ...
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  • Post-Bankruptcy Survival: Facing Car Repossession?

    Posted By admin || 1-Feb-2011

    If you're a few years out of bankruptcy and facing financial difficulties again, it can be disheartening. For debtors who reaffirmed a car loan or took on a new car loan after their bankruptcy discharge, unemployment, underemployed or a medical crisis can bring on a slew of issues including vehicle repossession. So how do you cope when you're facing car repossession and you don't have the option ...
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  • Three Myths About Car Repossession

    Posted By Allmand Law Firm, PLLC || 17-Aug-2010

    Debtors who have fallen behind on their car payments are at risk for vehicle repossession. Unfortunately, in their attempts to find out how they can save their car from repossession, they are the victims of misinformation and outright scams. Common Myths About Car Repossession Below are few myths about car repossession that every debtor needs to know: Myth #1 - Car finance companies have to wait ...
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  • Rich Lose Their Jets To Repossession

    Posted By admin || 28-Jul-2010

    The economy isn't getting better as many have guessed by now, but the pain does seem to be spreading to even the wealthiest among us. Many repossession agents are reporting that the retaking of private planes has increased dramatically as many wealthy individuals run out of cash needed to maintain and operate them.. Some of the jets, worth more than $20 million are in poor shape after sitting idle ...
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  • Do's and Don'ts When Facing The Repo Man

    Posted By admin || 9-Jul-2010

    What You Can and Can't do to Repo Men If the repo man shows up at your door to repossess your vehicle, you need to be prepared. There are too many incidents where debtors end up behind bars or hurt because of an altercation with a repo man. Don't let that happen to you, below are a few do's and don'ts when dealing with the repo man: Do not try to reason with, argue with or harass in anyway the ...
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  • Three Bad Reasons For Delaying Bankruptcy

    Posted By admin || 11-Jun-2010

    About 75 percent of the people who file bankruptcy wait until they just don't have any other choice. They give various reasons for waiting to file bankruptcy; but below are three of the worse excuses for not filing bankruptcy earlier: Guilt. Guilt is never a good reason for delaying a necessary bankruptcy filing. But many debtors don't file bankruptcy because they feel guilty for not repaying ...
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  • Three Ways To Handle Your Vehicle Debt During Bankruptcy

    Posted By admin || 10-Jun-2010

    Debtors filing for bankruptcy are faced with the question of how they will handle debt attached to their vehicles. Well, there are three common ways that vehicle debt is handled in bankruptcy. Let's take a look at them: If the debtor cannot afford to continue paying on their vehicle they will often choose to surrender their vehicle in bankruptcy. What this means is the bankruptcy debtor will ...
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  • Bankruptcy Court Denies Creditor Proof Of Claim Post-Confirmation

    Posted By admin || 4-May-2010

    In the Chapter 13 bankruptcy case of Dortch, Eric D. and Dawn R.; In re, the bankruptcy court sustained the trustee's objection to a secured proof of claim that was amended after confirmation of the debtors' bankruptcy plan. The details of the bankruptcy case: In 2006, the debtors purchased a 2003 Lexus GX470. The installment purchase contract and the lien were acquired by Citifinancial Auto ...
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  • Five Ways To Avoid Vehicle Repossession

    Posted By admin || 2-May-2010

    Ways To Stop Vehicle Repossession Refinance You Car Loan - If you are worried about vehicle repossession because you recently lost your job or experienced a salary cut and your credit score is still good, you may be able to refinance your vehicle and get a lower monthly payment. Ask For A Car Loan Modification - If you can see that you're having trouble paying your car loan avoid a future ...
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  • How Can I Keep My Car In Bankruptcy?

    Posted By admin || 1-May-2010

    In most parts of the country having a car can mean the difference between being able to keep your job or becoming unemployed. That's why it is important that debtors considering bankruptcy understand the options available to them if they want to keep their car after filing for bankruptcy. If a debtor with a car loan files Chapter 7 bankruptcy there are few options available to them: The debtor can ...
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  • Vehicle Repossession and Your Rights

    Posted By admin || 22-Feb-2010

    Are you delinquent on your car loan? Missing a car payment can result in repossession in a very short amount of time. If you fail to pay your car loan, a lender has the right to repossess your vehicle immediately and they are not required to give you a warning that they intend to do so. However, a repossession agent (repo man) does not have the right to harm your or in any way "breach the peace" ...
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  • Car Repossession and Bankruptcy

    Posted By admin || 13-Jan-2010

    Bankruptcy Can Stop Car Repossession Anyone who has suffered car repossession knows that is can happen quickly. Even if a debtor is only a few weeks behind on their car payment, repossession can take place fast and without warning. Most people who suffer car repossession have been having financial trouble for some time; but unfortunately they chose to not contact the lender or a bankruptcy ...
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  • 7 Facts You Need To Know About Repossession In Texas

    Posted By admin || 3-Dec-2009

    Most debtors never imagine that they will be facing vehicle repossession when they buy their car; but repossession is very common and becoming more of the norm as the economy worsens. Unfortunately for debtors facing repossession, a process that should be simple often becomes complex or even dangerous. At least a few times a year, news reports reveal several stories about rogue repo men who take ...
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  • Can Bankruptcy Help Stop Repossession?

    Posted By admin || 28-Aug-2009

    Bankruptcy and Auto Repossession Bankruptcy is designed to protect individuals or businesses that are unable to meet their financial obligations--and provide protection to involved creditors as well. While bankruptcy is a serious procedure and should only be considered if absolutely necessary, sometimes it is the best solution for those suffering severe financial hardship. And, for some, it may be ...
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  • Picking a Bankruptcy Attorney

    Posted By admin || 18-Aug-2009

    According to an article in the Wall Street Journal, insurance companies are providing more than just insurance coverage during a medical crisis. The article explains: "Different from disease-management programs, which focus on patients with a chronic condition such as asthma or diabetes, the case-management services are for patients with costly and complex medical conditions such as cancer or an ...
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  • Repossession and Rebuilding Credit

    Posted By admin || 18-Aug-2009

    Rebuilding Credit After Repossession Over the last couple of weeks, almost every news channel featured the new cash for clunkers program explaining the details of the program incentive. The hope was the program would stimulate new cars sales and reduce the number of gas guzzlers on the road. Now the headlines are different. Almost as quickly as it came, Congress is having second thoughts and is ...
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  • Repossession and Your Personal Property

    Posted By admin || 6-Aug-2009

    As many Texans suffer job losses or salary reductions, many are facing vehicle repossessions. Facing a repossession can be upsetting and disruptive under any circumstance; but especially if the vehicle is repossessed while your personal property is still in it. Creditors Do Not Have the Right to Keep or Sell Your Personal Property The first thing car owners need to know is that creditors do not ...
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  • Credit Card Urban Myth Could Cause You Financial Pain

    Posted By admin || 29-Jul-2009

    Many credit card consumers are under the mistaken belief that as long as they pay "something" on their credit card debt every month (even if it's lower than the minimum required payment), their creditor cannot take further action against them. That's a MYTH. The truth is that each credit card has a minimum payment requirement that credit card consumers are required to pay in order to remain ...
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  • Car Owners Attempt to Avoid Repossession by Destroying Their Cars

    Posted By admin || 10-Jun-2009

    According to an article in the Star-Telegram, many desperate car owners facing financial problems and possible repossession are secretly destroying their vehicles and filing false insurance claims. The article said: ...financially strapped car owners are torching, sinking or ditching their vehicles and then reporting them stolen to cash in on the insurance. SUVs have been found ablaze in the ...
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  • Are We Heading For A Car Repossession Crisis?

    Posted By admin || 13-Mar-2009

    According to an article in the Star-Telegram, we may be heading for a car financing crisis with many car buyers unable to find financing for a new/used car or unable to pay off existing car loans and/or facing car repossession. The article said: Some 3.25 percent of all indirect auto loans were at least 30 days overdue in the third quarter, the American Bankers Association reports. That's the ...
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  • When Repossessions Become Deadly--How To Avoid The Violence

    Posted By admin || 27-Feb-2009

    According to an article in the Star-Telegram, a 67-year-old railroad retiree is dead after confronting a repo man attempting to tow away his vehicle at 2:30 in the morning. The article said: Alone in his mobile home off a winding dirt road, Jimmy Tanks heard a commotion at 2:30 a.m. just outside his bedroom window: Somebody was messing with his car. The 67-year-old railroad retiree grabbed a gun, ...
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  • When Facing Repossession Your Best Weapons Are Fast Action And Bankruptcy

    Posted By admin || 1-Dec-2008

    Anyone with a pulse knows that the economy is just simply crazy. One minute you have a stable job of 20 years and the next thing you know you're jobless. With layoffs increasing and credit decreasing many ordinary people are finding that they just can't make the payments on their vehicles, even if it's as little as $200 a month. Because of this, repossessions in Dallas-Fort Worth are climbing at ...
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  • The Repo Man May Not Breach The Peace

    Posted By admin || 15-Oct-2008

    In the state of Texas your vehicle can be repossessed without notice; but repossession agents cannot "breach the peace" while conducting the repossession. What this means is that under Texas law while the repossessing the vehicle, the repossession agent cannot: forcibly remove you from your vehicle stop you on the street or highway enter a closed garage break into your house create a disturbance ...
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