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Rich Lose Their Jets To Repossession

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 [...]

By |2018-11-14T21:13:27+00:00July 28th, 2010|Repossessions|Comments Off on Rich Lose Their Jets To Repossession

Do’s and Don’ts When Facing The Repo Man

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, [...]

By |2017-12-13T02:15:51+00:00July 9th, 2010|Repossessions|Comments Off on Do’s and Don’ts When Facing The Repo Man

Three Bad Reasons For Delaying Bankruptcy

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 [...]

By |2018-11-16T23:16:59+00:00June 11th, 2010|Bankruptcy, Economy, Managing Your Finances, Repossessions|Comments Off on Three Bad Reasons For Delaying Bankruptcy

Three Ways To Handle Your Vehicle Debt During Bankruptcy

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 [...]

By |2018-11-08T23:02:56+00:00June 10th, 2010|Repossessions|Comments Off on Three Ways To Handle Your Vehicle Debt During Bankruptcy

Bankruptcy Court Denies Creditor Proof Of Claim Post-Confirmation

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 [...]

By |2018-12-13T08:52:27+00:00May 4th, 2010|Bankruptcy, Car Loans / Title Loans, Chapter 13 Bankruptcy, Repossessions|Comments Off on Bankruptcy Court Denies Creditor Proof Of Claim Post-Confirmation

Five Ways To Avoid Vehicle Repossession

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 [...]

By |2017-12-13T02:16:40+00:00May 2nd, 2010|Repossessions|Comments Off on Five Ways To Avoid Vehicle Repossession

How Can I Keep My Car In Bankruptcy?

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. Options available to debtors filing Chapter [...]

By |2018-11-12T21:54:17+00:00May 1st, 2010|Bankruptcy, Bankruptcy Q&A, Car Loans / Title Loans, Chapter 7 Bankruptcy, Loans / Mortgages, Property Exemptions, Repossessions|Comments Off on How Can I Keep My Car In Bankruptcy?

Vehicle Repossession and Your Rights

My Car Was Repossessed; What Are My Rights? 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 [...]

By |2019-03-05T23:39:22+00:00February 22nd, 2010|Repossessions|Comments Off on Vehicle Repossession and Your Rights

Car Repossession and Bankruptcy

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 [...]

By |2017-12-13T02:17:12+00:00January 13th, 2010|Repossessions|Comments Off on Car Repossession and Bankruptcy

7 Facts You Need to Know About Repossession in Texas

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, [...]

By |2019-01-15T20:59:05+00:00December 3rd, 2009|Repossessions|Comments Off on 7 Facts You Need to Know About Repossession in Texas