A repossession case is one where a creditor has been unable to get their debt from the debtor and has resorted to taking possession of personal property. If you are involved in such a repossession situation you need to seek legal advice immediately. The sooner you seek advice from a repossession attorney the better. The reason is that your rights can be stripped if you do not take immediate action and consult with an attorney as soon as possible. Have a look at Repossessions Lawyer near Jacksonville.
If you are in a repossessed car back payment agreement or default notice agreement, you have a right to seek advice immediately before a court hearing to determine whether your rights have been violated. An attorney who is qualified to represent you in a repossessed car back cases, including chapter 13 bankruptcy, can prevent the creditor from coming after your wages or other assets by filing a motion to quash or discharge. This motion can be filed with the courts but must be filed within a short time after the lender files the initial repossessions complaint.
Your repossessed vehicle is probably being sold under a ‘finders fee’ which means you will not get the full value of your vehicle back. You may be entitled to compensation for your vehicle’s repair costs, which is money that you would not normally get until repossession is complete. In addition to this, you may also be entitled to compensation for damage done to your credit score. The repossession process can take up to five months, so you would need to be prepared to deal with the lender quickly if you want to protect your credit score. An experienced repossession lawyer can guide you in fighting back and preventing your repossession from happening. You should consult with an attorney as soon as possible if you feel that your rights have been violated.
Gillespie & Murphy, P.A
200 Valencia Drive, Suite 119, Jacksonville, NC, 28546