The answer to getting out of debt begins here

 

When clients initiate the bankruptcy process they almost always go into what I call the panic of the unknown. They are scared they will be losing their vehicle so they will not be able to go to work because in south Florida the transit system is almost non existent. This is a common and very well founded concern. I will begin by going over a vehicle that you are financing. This is called a secured asset because the loan for the vehicle is secured by the vehicle. If you don’t pay they take the care. If you file bankruptcy the creditor can take back the car, but there is a way to keep the vehicle in a bankruptcy. The company financing will ask you to sign a document called “an affirmation agreement”. This tells the bankruptcy court that you want to continue pay for the car. When you do this you are agreeing to keep this debt outside of the bankruptcy.
In the case of vehicles that are not financed and are owned outright the situation is different. Depending on the situation the trustee can ask you to give up that vehicle but in many instances you will be given the opportunity to buy back the car. This means that you will be able to give the trustee money in exchange for you being able to keep car. The amount will always depend on the value of the car.
What makes us different is that we walk you through every stage, making the process easier to deal with. At our law firm our first priority is you the client. Let our experience work for you.