Having a vehicle or another piece of personal property repossessed can be one of the most stressful financial situations a person can face. Often, repossession can happen fast without much warning, with the impact being immediate. In the case of a car, losing transportation can make it harder to work or accomplish everyday tasks. You can feel powerless or embarrassed following a repossession, but our team can help. Call us today to schedule a consultation with our Waco, TX repossession lawyer!
Waco, TX Repossession Lawyer
Texas law gives creditors the repossess certain items when a person falls behind on payments, but these creditors must still follow strict guidelines. For example, creditors can’t breach the peace, damage your property, threaten you, or violate your legal protections during the process. Not every repo agent or lender will follow the law, and they may assume that you either don’t know the law or you don’t have the right legal tools to fight back.
Following a repossession, knowing what happens next can be confusing. In the case of vehicles, creditors can sell them at an auction, then attempt to regain the remaining balance from you. These remaining balances can often be negotiated, lowered, or even eliminated entirely. Besides vehicles, real estate property can also be repossessed. Timing is critical, and if your property was recently repossessed, you may still have a window of time to reclaim it.
Our team can help you whether your property has been repossessed or you want to avoid it from happening. When we intervene early, we can review your loan documents, explain what your lender can and cannot do, and help you create a strategy to prevent a repossession from happening. Depending on your situation, you may find the repossession overlapping with other financial issues like wage garnishment, debt collection, and even bankruptcy.
Why Our Experience Matters For Repossession Cases
Working with our experienced Waco repossession lawyers can help you either prevent or overcome a repossession.
- Our team includes our managing attorney, Marcus Leinart. He received his Juris Doctor from the Texas Tech University School of Law in 1995, and he began his career in personal injury law before pivoting to bankruptcy law. With over 15 years of legal experience, he has seen many repossession cases.
- Depending on your situation, you may want to explore a Chapter 7 or 13 bankruptcy. While such a decision isn’t one to take lightly, our senior bankruptcy lawyer, Richard Anderson III, can help you decide. He has over a decade of experience in helping clients through bankruptcies.
- Our attorneys believe in giving our clients the financial tools to help them get ahead. Besides helping you overcome a repossession, we can guide you on how to prevent future financial issues.
Having a vehicle or another piece of property repossessed can feel like a nightmare, but our team is here to lend a helping hand! Reach out to us today at Leinart Law Firm to schedule a case review with our Waco repossession lawyer!
