The thought of losing your car to creditors or to the bankruptcy court can be tough to deal with. Luckily, bankruptcy laws are designed to protect your car and help protect you from creditors if you decide to give up your car. We can help our Joliet and Will County bankruptcy clients protect their cars in most bankruptcy cases.
The automatic stay is designed to stop car repossessions. Chapter 7 exemptions may protect your car from being sold and Chapter 13 may allow you to catch up on car loan debt if need be.
How bankruptcy can help you depends on what type of bankruptcy you file, and your car situation. To learn more about how it works contact Hamilton & Antonsen, Ltd or call us at 815.729.9220.