Los Angeles Repossession Attorneys
Place Your Case in the Right Hands
If you are in the process of financing your home or your car, you certainly took the time to plan out how you were going to pay for it over a period of time. However, with all of the devastating effects of COVID-19, individuals are being slammed with debts without the usual means to pay for them, since many businesses have been stopped and closed due to the pandemic.
If you are suddenly not receiving your regular income, you do not have the opportunity to pay your regular loans for your mortgage or automobile debt. Unfortunately, many creditors do not understand this and keep harassing debtors to pay back the money owed or face potential repossession for being in default.
Repossession of your property is devastating. Not only is it embarrassing to have your car towed or your house reclaimed, but you will still have to pay the remaining fees to your creditors. This is because repossessed property does not sell at high values but only at auction fees. Moreover, you will have to pay additional fees for auctioning and repossession, simply adding to your mountain of debt.
Thankfully, there are opportunities to be rescued from these disastrous consequences, so long as you get the support of our empathetic repossession lawyers in Los Angeles. At The Turoci Bankruptcy Firm, we are dedicated to advising you on how to be free of creditors' demands.
Call us today at (310) 846-8454 to get true relief from all of your repossession anxieties.
Terms of Repossession
Repossession is the event where a creditor, lender, or a bank seizes your property or possession on account of a loan being defaulted. These items are called “secured debts” because they are tied to distinct physical possessions, from your automobile to your home. Normally, these secured loans are outlined as being paid over a set time period for a specific amount.
While creditors may allow a single late payment, they usually expect to be paid back at the same time each month. This may be a reasonable expectation under normal circumstances, but not when you have been facing extreme financial difficulties.
When you are unable to pay back these loans on time, creditors will attempt to repossess your hard-earned property and possessions, even though you have already spent so much of your finances, time, and labor to invest in a home or a car. The process of losing your property is not merely inconvenient but has devastating long-term consequences. In order to avoid this terrible calamity, you need a solution, which is where our attorneys can step in.
Resolve Repossession Through Chapter 13 Bankruptcy
One of the best options to stop repossession immediately is by filing for Chapter 13 bankruptcy, especially when your creditor is refusing to negotiate the terms of repayment. The most important effect this will have is that the court can instantly stop repossession through what is called an “automatic stay.” This automatic stay binds creditors to stop bothering you with threats of repossession, and it begins the moment you file for bankruptcy, regardless of how long your application takes.
Some of the other helpful benefits resulting from automatic stay include:
- All harassing calls, coming day and night from creditors and debt collectors, are instantly halted
- Actions of foreclosure against your house are ceased, allowing you and your family to continue living safely in your home without having to look for a new place
- You will not have to face any garnishment of your hard-earned wages
Reliable Legal Support for Chapter 13
Filing for Chapter 13 bankruptcy is an excellent way of getting a fresh start at resolving your debts and gaining financial freedom. The process can be complex, however, without our experienced repossession attorneys in Los Angeles. At The Turoci Bankruptcy Firm, we are committed to helping you gain the second chance you deserve.
Todd, was great, He helped me to get through a rather tough time.- Eric Quinn
Thank you Mr. Turoci for assisting me with my financial situation. You and your staff (Daisy, Courtney, Laura, and Dana) were so helpful!- Kimberly Deasey
Mr.Turoci always answered my questions, and put me at ease. My only regret is that I didn't do this sooner.- Mary Cunningham
Turoci Law firm two thumbs up!- Sandra Hernandez
Mr. Turoci and his staff listened to our concerns. They were courteous, understanding and very thorough.- Lydia Gulley
Certified Bankruptcy Specialists
Todd is one of the few Certified Bankruptcy Specialists in the Central District and the only one in the Inland Empire, as designated by the American Board of Certification.
Free, No-Obligation Consultation
Our firm offers free, no-obligation consultations for those who chose to retain our services.
We can understand how challenging this process can be and will guide you through, every step of the way.
We offer our clients after-hour, weekend and same day appointments to meet your busy schedule.
When you hire us, you will have direct access to your attorney from start to finish.
Our team is bilingual! We service our clients in English & Spanish.