North Little Rock Repossession Defense Lawyers

Central Arkansas Car Repossession Attorneys

The number of car repossessions is on the increase. The recent economic downturn has hit home for many, causing job loss and other financial problems that ultimately lead to people falling behind on their car payments.

Have you been threatened with car repossession, or any other type of repossession for that matter? Take action by contacting a bankruptcy lawyer who can guide you through your options, helping you protect your property. At the Pray Law Firm in North Little Rock, Arkansas, our experienced lawyers are prepared to do everything possible to protect what is yours by helping you file bankruptcy. Contact us.

You Still Have Time to Stop Repossession

Is your car in immediate danger of being repossessed? We have the ability to do an emergency bankruptcy filing in order to protect it. Even if your car has already been taken, we may be able to get it back for you. It is not too late, as long as your creditor has not sold your car. We can file in a matter of hours in most cases, if we have been provided with the necessary documents and you have completed your credit counseling.

The Automatic Stay Stops Repossession

As soon as our lawyers file bankruptcy on a client's behalf, an automatic stay is created. This is what bars creditors from taking further action against debtors, including repossession.

What Type of Bankruptcy Is Right for You

If you are eligible for Chapter 7 bankruptcy, you may be able to discharge most of your debts and keep your car. You can keep your car in two ways:

  • If you own your car without debt, you may be able to keep your car through a bankruptcy exemption. Cars of certain value are exempt from liquidation.
  • If you still owe money on your car loan, you can discharge other unsecured debts and keep your car through a debt reaffirmation.

In some cases, Chapter 13 bankruptcy may make more sense. We will discuss all of your options before moving forward.

Contact Us for a Free Consultation

To speak with one of the North Little Rock repossession defense attorneys at our firm, call 501-588-7044, or contact us by e-mail.