Vehicle Repossession Protection Lawyers in the Bronx
Bronx Bankruptcy Attorneys
If you are struggling with mounting bills, you may be concerned about losing your vehicle to repossession. If you are behind on your car payments, the lender may be able to take your vehicle without your permission. However, you do have rights. Our Bronx bankruptcy attorneys at Park & Nguyen Attorneys At Law can help you protect your vehicle from repossession and can help you get back on your feet.
Call (718) 514-7886 today to schedule a free initial consultation with our Bronx bankruptcy attorneys.
Reasons Your Car May Be Repossessed
There are various reasons why your auto finance lender may try to repossess your car. That's why it is important for you to understand your rights and the lender's rights under the law.
In New York, your car may be repossessed for:
Non-Payment of Loans: If you fail to make timely payments on your auto loan, the lender has the right to repossess the vehicle. This is the most common reason for repossession.
Default on Loan Agreement: Defaulting on the terms and conditions outlined in your loan agreement can result in repossession. This may include failure to maintain insurance coverage or pay required taxes.
Failure to Communicate: Ignoring communications from your lender can lead to repossession. If you're facing financial difficulties, it's crucial to communicate with your lender and explore possible solutions before repossession becomes imminent.
Bankruptcy Filings: If you file for bankruptcy, the court may determine the fate of your car loan. Depending on the bankruptcy chapter, you may be able to keep the car or may need to surrender it. Consulting a bankruptcy attorney should be the first thing you do in order to find a way to keep your car.
Unauthorized Use of the Vehicle: If you use the car in a manner not allowed by the loan agreement, such as for commercial purposes without permission, the lender may repossess the vehicle.
Collateral Risk: If your lender believes the value of the car is at risk due to your actions or due to economic conditions, they may repossess the vehicle to protect their interests.
Insurance Lapses: If you fail to maintain the required insurance coverage on the vehicle, the lender may consider it a breach of the loan agreement and proceed with repossession.
Mechanical Condition: Some loan agreements require borrowers to maintain the vehicle in good working condition. If neglect or misuse leads to significant damage, the lender may repossess the car.
It's essential to review your loan agreement thoroughly and understand the terms to avoid repossession. If you're facing financial challenges, consider communicating with your lender to explore alternative arrangements. If repossession is imminent, seeking legal advice may help you understand your rights and potential options.
Our Bronx Bankruptcy Attorneys Can Help You
If your car is being repossessed, you may be worried about what will happen to your vehicle. Our Bronx bankruptcy attorneys at Park & Nguyen Attorneys At Law can help you protect your vehicle from repossession. We can also help you get back on your feet by helping you file for bankruptcy.
When you file for bankruptcy, the automatic stay will be put in place. The stay will prevent your car from being repossessed and will help you get a fresh financial start. Working with our attorneys will help you figure out the next steps in retaining your property and vehicle.
During your bankruptcy proceedings, you may be able to catch up on missed car payments or you may be able to pay off your car loan. Once you have completed your bankruptcy case, you can start to rebuild your credit and move forward with your life.
Call (718) 514-7886 to schedule a free initial consultation with our Bronx bankruptcy attorneys.
What Our Clients Are Saying
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"Peter Nguyen was extremely knowledgeable of my situation and about the process I needed"I highly recommend Park & Nguyen to everyone in needed of a firm. Peter Nguyen was extremely knowledgeable of my situation and about the process I needed to take care of my issue. He guided me throughout the entire way and assured that i was taken care of in a professional and sincere manner. I would, without any doubt recommend him and his services to all in need. Without any hesitation I would hire him again if needed.- Aurea Rivera
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"If I ever need a lawyer again, there's no hesitation that I will call John Park again."If you're ever looking for a GREAT lawyer, John S. Park Is the BEST!!!! He took my accident case back in May 2014. The staff is very friendly and always helpful in answering all your requests. Leandra, one of the secretaries, was always so nice and made sure she had all my documents for my case. John Park is right there with you, by your side and you never have to go through anything by yourself. If I ever need a lawyer again, there's no hesitation that I will call John Park again. THE BEST IN THE BRONX !!!!- Sonia
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"A++++ Thank you for all of your services."I highly recommend Park and Nguyen if you ever need a good lawyer. The staff is top notch. They were able to allay my worries. A++++ Thank you for all of your services.- Maria
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"He treated me with respect, and at the same time helped me understand what I was going through."I was dealing with a very difficult time in my life, and Mr. Peter Nguyen made the entire process easy. He treated me with respect, and at the same time helped me understand what I was going through. He also explained what options I had for the future. I highly recommend Mr. Peter Nguyen to all my friends.- Pedro
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"He helped me with the entire Process step by step."Great Service and Professional staff. I am completely SATISFIED, I highly recommend Peter T. Nguyen. He helped me with the entire Process step by step. I would definitely recommend Mr. Nguyen to all my family and friends.- Brenda
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"They are a professional team that came highly recommended by a lawyer friend."Thank you to my attorney John Park and his associates for taking me as a client. They are a professional team that came highly recommended by a lawyer friend. She sent me to the right firm. Mr. Park saw my case through and I am very grateful for his services and kindness.- Margaret
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"The staff is friendly, kind, and supportive, especially attorney Peter T. Nguyen."Park and Nguyen is a wonderful firm. Before my consultation, I felt uncertain and ashamed. After my consultation, I felt reassured and encouraged. The staff is friendly, kind, and supportive, especially attorney Peter T. Nguyen. Mr. Nguyen is informative and reassuring. He was extremely thorough during the process. I highly recommend Park and Nguyen!- C. Bond
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"They helped me get my life together."I was going through a rough time in my life and was not sure of my options. I spoke with a few lawyers and was given random information. The first time I called Park and Nguyen, I spoke with Ms. Bernice Irizarry. With her knowledge and empathetic personality, she made me feel so comfortable and provided options. I was very pleased with my results and now my mother is working with Park and Nguyen. They helped me get my life together I am so grateful especially Ms. Bernice! She knows what she’s doing and she a GEM!- Kishea
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