Plenty of people have been in this position: They can’t make their car payment on time, but they need to go to work to earn the money to pay their bills. They know that a repossession is possible, but so long as they move their vehicle or put it in places where it...
How do property repossessions work in Tennessee?
When you are facing significant debt that you cannot manage, your financed property is at risk. Under the right of repossession doctrine, your creditors can take action to reclaim vehicles, jewelry, artwork and other items that you have not completely paid off. As you...
Is there anything I can do to avoid repossession of my vehicle?
A common question that debtors ask is whether filing for bankruptcy can stop their vehicle's repossession. Whether pursuing this option will help depends on how far behind you are in making payments and how willing your lender is to work with you. What happens when...
Can you protect your vehicle against repossession with bankruptcy?
You’ve been getting behind on your bills and struggling to make ends meet. You are frustrated by this, but you’ve done all you can to try to catch up. You even took a second job, just to try to catch up on your missed payments. Now, you’re worried that your vehicle is...
Can bankruptcy stop the repossession of your financed vehicle?
If you have a financed vehicle, there is likely a link between your job and your car. You probably needed to prove your income in order to secure the necessary financing for the vehicle in the first place, and you likely need to keep the vehicle in order to commute to...
Car repossession in a bankruptcy filing
When you’re already in debt, it is essential to maintain your current livelihood to keep from accruing any more debt. New cars are becoming less and less affordable for many Tennessee residents, despite the necessity of owning a working vehicle. When this vehicle is...
