Facing Repossession in Dallas?
Put Our Dallas Bankruptcy Attorneys on Your Side
More Americans are struggling to keep up with their car payments even as other economic indicators may appear to be on the rise. In fact, some experts are saying that the auto loan subprime bubble may be the latest to burst. In 2014, data showed the rate of car repossessions had jumped 70% in the second quarter. If you are in this situation, we encourage you to contact Allmand Law Firm, PLLC to discuss your options.
Schedule a complimentary case evaluation with Allmand Law Firm, PLLC to learn more about your options. We serve clients throughout the Dallas / Fort Worth area.
Understanding Vehicle Repossession Laws in Texas
In the state of Texas, according to the Business & Commerce Code, the “secured party has the right to claim possession of collateral upon the default of a loan unless other agreements were made in a legal contract.” In other words, your vehicle can be repossessed if you stop making payments. There does not have to be a court order.
You Only Have 10 Days to Take Action
After your vehicle is repossessed, you only have 10 days to take action before the creditor is legally allowed to sell it. If you are in this position, contact a bankruptcy attorney right away. Our team can help you by filing the required papers.
Allmand Law Firm, PLLC is experienced in helping clients:
- Obtain “cram downs” on car loans
- Stop or prevent vehicle repossessions
- Design effective Chapter 13 payment plans
- Regain control of repossessed vehicles
Contact Our Dallas Bankruptcy Lawyer for Free
You can have confidence in the team at Allmand Law Firm, PLLC. We have helped tens of thousands of clients over our nearly 15 years in practice. Our lead counsel, Attorney Allmand, has a Superb Rating on Avvo and is certified in Consumer Bankruptcy by the Texas Board of Legal Specialization. You can rely on us during this difficult time.
Get in touch with Allmand Law Firm, PLLC today by calling (214) 884-4020. We can help you regain control of your finances.