Stopping Repossession in Queens
How Repossession Works
When you make large purchases, such as a boat or car, you may take out a loan to help pay for the item. You and the lender will enter into a contract that states your interest rate and your payment plan, as well as the lender’s security interest in the product. The product becomes collateral for the loan. If you default on that loan as specified in your contract, the lender has the right to repossess that item.
If you are in debt and facing repossession of your property, there are certain steps you can take to avoid losing assets you purchased with a loan. Queens bankruptcy attorney Bruce Feinstein, Esq. can help you avert repossession of your home, vehicle, or other valuable possessions. Once you file for bankruptcy, an automatic stay goes into effect that immediately stops foreclosure and repossession, letting you focus on getting out of debt.
The firm has been helping clients for over a decade, and their primary concern is you, the consumer. They have fought repossessions throughout Queens and Nassau counties, and have worked to stop foreclosure, wage garnishment, frozen bank accounts, and other tactics used by creditors and collection agencies. Their legal advice comes backed by thousands of cases and knowledge of consumer rights in New York. They will help you find the best way to get rid of your debts, while fighting to keep your assets.
Repossession in Queens – Bankruptcy Attorney
When you are at risk of losing your home or other assets due to mounting debt, bankruptcy is often an effective solution – you can keep your property while working towards a debt-free life. Bruce Feinstein, Esq. can help you decide what steps to take to avoid repossession, whether that means filing for bankruptcy or looking into bankruptcy alternatives. Every debt resolution case is individual, and the firm will offer personalized attention and effective representation to help you through the process. They have worked on Chapter 7, Chapter 11, and Chapter 13 bankruptcies, and can share their knowledge of bankruptcy in New York and how it can change your life.