Jacksonville Location (904) 981-8100

Orlando Location (407) 851-4357

Bankruptcy and Vehicle Repossession
December 10, 2011
Will bankruptcy stop a repo / repossession of a vehicle?

Yes, chapter 7 or chapter 13 will stop a vehicle repo / repossession, immediately when filed.  Our office can file an emergence petition with the Federal Bankruptcy Court and fax the case number to the creditor and stop the repo / repossession. However, chapter 13 bankruptcy is generally the only chapter one can file to permanently save the vehicle from being repossessed.  Chapter 7 will temporarily stop the repossession but the debtor will have to redeem the vehicle prior to the expiration of the automatic stay.  Consult an attorney. There are other nuances to stopping a repossession.