Tucson Arizona Repossession Attorney
What is a Repossession Attorney?
A repossession attorney is a lawyer who specializes in helping people who are facing the possibility of having their belongings repossessed. This can include homes, cars, appliances, or any other type of property. A repossession attorney can help you keep your property, negotiate with the lender, and even file for bankruptcy if necessary.
If you are facing the possibility of having your property repossessed, you should contact a repossession attorney as soon as possible. They can help you understand your rights and options, and work with you to try to keep your property.
What Are the Different Types of Repossession Attorneys?
There are two main types of repossession attorneys: those who work for the lender and those who work for the borrower.
Lender attorneys are hired by the company that is attempting to repossess the property, and their job is to make sure that the process goes smoothly and that the property is returned to the lender. Borrower’s attorneys, on the other hand, work for the person who is trying to keep their property from being repossessed.
Which Type of Repossession Attorney Do I Need?
If you are facing the possibility of having your property repossessed, you will need to hire a borrower’s attorney. Lender attorneys are not allowed to help borrowers, and they will not be able to give you the same level of assistance as a borrower’s attorney.
What Should I Look for in a Repossession Attorney?
When you are looking for a repossession attorney, you should make sure that they have experience with the type of property that you are trying to keep. You should also make sure that they are familiar with the laws in Arizona. Finally, you should make sure that the attorney you choose is someone you feel comfortable working with.
How We Can Help Stop Repossession
If you are concerned about losing your automobile or other significant assets, filing for bankruptcy is a good idea. Creditors must cease actions to seize your property so you can relax.
What Property Can be Repossessed?
Creditors are limited in what they may take from debtors who have defaulted on a loan. A creditor, for example, is prohibited from repossessing objects that aren’t mentioned as collateral on the outstanding debt. They are also unable to repossess items with an unsecured debt such as charges made on a credit card.
Property Which Can Be Repossessed Includes:
- Cars, Trucks, Motorcycles, Automobiles
- Property used as collateral
- Items you rent with the option to buy
How Can I Stop a Repossession?
Bankruptcy may be quite beneficial in preventing creditor action. This includes repossessions.
Repossessions by creditors can be stopped through the use of an automatic stay under Chapter 7 and Chapter 13.
Our office can help determine a plan to keep the assets you wish to keep from repossession. Sometimes this may involve lien avoidances or cram downs, or buy you extra time to catch up with payments. Contact our office at (520) 777-2198 for a free consultation to see what options you have.
Meiners Law Office, PLC
Address: 177 N. Church Avenue, Suite 200 Tucson, AZ 85701
Phone: (520) 777-2198