Welcome To The MN Bankruptcy Blog

Inside you will find over 500 helpful articles discussing the Chapter 7 & 13 Bankruptcy Process and other solutions for difficult financial situations.

 

    How Filing Bankruptcy Can Stop Repossession

    Posted by Amanda Scharber on February 24

    Vehicles are a necessity that are essential for everyday life and it can be extremely intimidating when faced with the possibility of losing a vehicle to repossession. The threat of repossession from lenders typically comes without the support or options needed to help catch up on past due payments. The lenders often ask for the payment in full without even considering partial payments. These threats from lenders can cause panic or leave you stressed without knowing how to solve the problem. This stress can lead to sleepless nights and constant worrying that your car may be taken away at any moment. You are not alone in this situation! Filing bankruptcy can help ease that stress and stop the repossession from happening. 

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