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Bankruptcy & Repossession Attorney in Port St. Lucie
Are you facing repossession? Call (888) 899-8161 immediately!
If you are delinquent on your payments, it is very likely that you could soon find your items being taken away from you. This is known as repossession. Repossession is a legal action and allows for financial institutions to take property away from you if it was used as collateral, was rented, or leased. Though vehicles are frequently repossessed, having any type of property taken away from you can be both embarrassing and difficult.
If you have had an item repossessed, or if you have recently fallen behind on your payments and fear that your property will be taken from you, you must contact our Port St. Lucie attorneys. We know how to take the appropriate actions needed to put a stop to any repossession notices.
We are here to help you keep your property.
If your matter requires immediate attention, call our offices now.
About Repossession & Staying Current with Payments
When signing a contract, you will most likely be asked to sign an agreement that if you are delinquent past what is known as the grace period, you give permission for the lienholder to repossess the object. This could even incorporate language stating additional fines that you agree to pay should this occur, for cost of repossession or for the depreciated value.
Any time you finance a purchase there could be a chance of repossession. Even if you miss a payment by just a few days, the lender has the right to take that item back. Anything can be repossessed, including golf clubs, furniture, appliances, or vehicles.
Simply put, once a loan enters into default, the lender can begin repossession and take your property. While you may be notified of an upcoming repossession, you may not know the exact time or place. In situations involving automobiles, the towing company may come, pick the lock, and tow your car away.
How Florida’s Repossession Process Works
Repossession agents typically perform the property seizure. As long as a car is not parked in a closed garage or there are signs posted saying “No Trespassing,” then a repossession agent could take a vehicle from your property. After the lender has repossessed an item, the lender must send the debtor a notice of repossession.
If your property has been repossessed, you may have the following options:
- If a warning was not given before repossession, you may be able to pay the balance due and fees within 15 days.
- If no agreement is made to repay the debt, the lender can sell the repossessed item.
- You may be able to purchase or redeem your property from the creditor by making a lump sum payment equal to the market value of the repossessed property.
- You may be able to reaffirm the contract made between you and your lender.
- You may have the option of paying the debt in full to get your repossessed item back.
- You may surrender the repossessed item or try discharging your debt by filing for bankruptcy.
The moment your loan goes into default, you will need to secure legal services immediately. Without proper legal representation, you could be jeopardizing your property and assets. Our Port St. Lucie repossession attorneys can help negotiate with a lender and prevent repossession from taking place.
Helping Clients Avoid Repossession Since 1927
By filing Chapter 7 or Chapter 13, you can enter into what is known as the automatic stay. An automatic stay will force all creditors, collectors, and lenders from making collection or seizure attempts. This also includes any repossession attempts. At Crary Buchanan, we know the intricacies of bankruptcy law and we know how to use these nuances of the law to completely protect your legal rights.
With more than 80 years of legal experience, we have what it takes to help and will do everything that we can to achieve the maximum result for each and every client. Few things are more frightening and overwhelming than losing something you have purchased and that you love. Our legal team can help make certain you keep your property and inform you of all of your options moving forward.
Contact Crary Buchanan Today to Speak with Our Professionals
At Crary Buchanan, we take the best interests of our clients seriously. As a consumer, you have rights that must be honored and upheld. If you have received a repossession notice, we can stand at your side and make certain no repossession agent or institution takes your property without a fair and aggressive fight. Choose to put nearly 100 years of legal experience in your corner today!
There are many issues associated with repossession that we can help you through, such as:
- Facing deficiency judgments
- Getting rid of debts once and for all
- Putting a stop to abusive collection practices
- Determine if filing for bankruptcy can help provide a long-term solution
- Establish the best avenue to living life debt-free
There are smart and effective precautions that you can take in order to avoid repossession, but you will need a competent bankruptcy attorney on your side to do so. Our Port St. Lucie repossession lawyers will be with you from start to finish, explaining your rights and providing you with qualified legal representation. We are ready to help protect your property and help you keep what’s yours.
We refuse to let repossession happen without a fight.
Contact Crary Buchanan at (888) 899-8161 and schedule a free case evaluation.