Stop Repossession

As a resident of New Jersey, you are well aware that a vehicle is a necessity. Public transportation is scarce. Without a car, you cannot get to work, school or to the local supermarket. If you are having trouble making your car payments, the lender will eventually repossess your car and place it on their lot. You will receive a letter from the lender requesting a payoff amount or an amount necessary to reclaim the car. You usually have about 15 days to reclaim the car. If you cannot afford to pay, the vehicle will be sold. The previous payments that you made to the lender will be rendered useless. There are currently a record number of cars being repossessed in New Jersey for non-payment.

If you have missed a car payment and are threatened by the possibility of a repossession, contact us immediately, we can help! Filing a chapter 7 bankruptcy will stop any repossession efforts by the lender. Since a chapter 7 bankruptcy will wipe out your unsecured debts, you will be in a better position to repay your other debts (e.g. car loan, student loans). A car loan is considered a secured debt. If you want to keep your car when filing for a chapter 7 bankruptcy, we can "reaffirm" the loan in your bankruptcy petition. Most lenders will allow you to keep your car as long as you continue to make the payments on time.

 

Law Offices of Jay Bhatt

618 Newark Avenue, Suite 210

Jersey City, NJ 07306

Phone: (201) 798-8000

Fax: (201) 798-8001

 

Chapter 7 Bankruptcy Info

Consultation Checklist

Click Below for a complete checklist of items that are necessary to proceed with a chapter 7 bankruptcy. We suggest you bring these to our office during the first consultation or supply them by fax or email if the consultation is done over the phone or via the internet.

Client Testimonials

Thank you for helping my wife and I. You have been an angel in our lives during these tough times. You have given us a fresh start. God bless you.

- Edward S.-

I'm grateful for having you take care of my case. The credit card bills, medical bills and lawsuits were a constant stress in my life. I am so glad that I took the next step. I can finally breathe again.

- Rafael R.-

When I became unemployed, I thought I had no way out. My credit card debts would continue to increase and I was overwhelmed with phone calls from collectors. Fortunately, I found Jay Bhatt who advised me to file for chapter 7. It was the best decision I ever made. He is very knowledgeable, experienced and most importantly he works fast. For a reasonable fee, I got out of my debts in no time. I have gone back to work full time and my previous debts have been discharged. Thanks Jay for your help.

- Ana A.-