Falling behind on payments for any type of vehicle happens to the best of us. Sometimes life deals you adversity that you didn't expect. It may start with an unexpected medical bill, or a work related layoff or some situation that no one plans for in the budget. Trying to explain your situation to your loan company doesn’t help. They are in business for one purpose, to make money. Unfortunately, they are not going to tell you your legal rights in this situation.

Most people think they are fine as long as they are not more than two months behind on the payment. The truth is that your car can be repossessed if you are even one day late on a scheduled payment. Once the lender has you car, under law, they can sell it and use the money to pay off your debt. What they won’t tell you is that there are federal laws to protect you in these situations.

Federal Laws allow you to keep your car, 100 percent of the time, if (1) you file a Chapter 13 bankruptcy, (2) you need the car, (3) the car is not an unreasonably high priced vehicle, and (4) you can afford to pay your required Chapter 13 plan payments. Borowitz & Clark will do all in our power to help you keep your vehicle. However, sometimes a car is not worth keeping or the car is an extra car you cannot afford. Using bankruptcy in these cases, we can rid you of the car and the entire debt. In other cases, we can help you get rid of the car, and substantially lower the amount you still owe on the car. This can be a tremendous help and a great first step in getting you into another car you can afford.

You have a choice. Borowitz & Clark can stop the bill collectors calls and stop the “Repo-Man” from taking your vehicle. This all happens as soon as your bankruptcy case is filed. But until you file, there is no protection. If you are behind on your vehicle, act now to find out your options before the “Repo Man” finds you.

This negative experience can turn into a blessing in disguise. The federal laws allow you options to stop the repossession of your vehicle and pay the dealer nothing, by filing a Chapter 7 bankruptcy case. You can also file a Chapter 13 bankruptcy case, but only lower your payments to the loan company. Once you get back on the right financial track, it will be that much easier to get back in the fast lane. Start over and free yourself from the debt of vehicle payments by assessing your options.

If you are seriously considering bankruptcy and you live in Southern California, contact the firm that focuses exclusively on California bankruptcy laws, Borowitz & Clark L.L.P. Not all bankruptcy attorneys are the same. While the process appears complicated, a California bankruptcy attorney will be able to help you understand your options and avoid making bad decisions. You get one chance to file bankruptcy right the first time. The attorneys at Borowitz & Clark know what they’re doing, because bankruptcy is all they do. Unlike many firms, they never leave a paralegal or secretary in charge of a case. That’s why their cases succeed at such a high rate—even higher than many other bankruptcy firms. For a free consultation, contact a qualified California bankruptcy attorney from Borowitz and Clark toll-free at 800-509-3200, or visit www.blclaw.com.