Preventing Car Or Truck Repossession
Losing your car, truck or other vehicles can be devastating, especially when you are facing financial difficulty. Without transportation, it becomes even harder to get to your job and find ways to pay off your bills. To prevent this from happening, you need the assistance of an attorney who is well-versed in repossession, bankruptcy and debt relief in New York.
At O'Connor First in Albany, we have the insight and experience to help you keep your car or truck after falling behind on payments. Our attorneys can help you explore your bankruptcy or debt relief options, so you can get a fresh start without sacrificing the necessities.
Your Best Option: Restructure Your Auto Loans
Because your lender will likely demand that you bring the loan current (get caught up on payments), Chapter 13 bankruptcy is often the best option for debt relief. This option allows you to catch up on your car and truck payments, and then restructure the remaining portion of the loan. The end result is that you will be able to keep your vehicle, and your future payments will be set at a manageable level.
Our attorneys are also equipped to help those clients get their vehicles back after they have been repossessed. However, there is a limited timeframe in which this is possible, so it is vital to contact us as soon as possible if your car has been repossessed.
Innovative Debt Relief Strategies From Experienced Bankruptcy Counsel
Michael J. O’Connor heads our debt relief practice. He focuses his practice on bankruptcy law, ensuring that all of our clients receive advice and representation that is at the forefront of emerging trends in the field of debt relief.
Mr. O’Connor is board-certified in consumer and commercial bankruptcy by the American Board of Certification. His peers recognize the high-quality services he provides, resulting in his inclusion in New York Super Lawyers for more than five consecutive years and his AV Preeminent peer review rating* (the highest rating) through Martindale-Hubbell.
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*AV®, AV Preeminent®, Martindale-Hubbell Distinguished and Martindale-Hubbell Notable are certification marks used under license in accordance with the Martindale-Hubbell certification procedures, standards and policies. Martindale-Hubbell® is the facilitator of a peer review rating process. Ratings reflect the anonymous opinions of members of the bar and the judiciary. Martindale-Hubbell® Peer Review Rating™ fall into two categories – legal ability and general ethical standards.
We are a federally designated debt relief agency proudly helping people file debt reorganization plans and bankruptcy for over 35 years.