Stop Repossession Today

Tickets, Boots and Impoundments

Even if your vehicle has already been repossessed, you may still be able to get it back. Whether your vehicle has been repossessed or is in danger of repossession, act quickly to preserve your interests. You are operating under a strict timeframe — speak with a lawyer as soon as possible.

At Ledford, Wu & Borges, LLC, we are focused exclusively on providing debt relief and bankruptcy services in Chicago, Illinois. Our lawyers offer experienced, cost-effective and personalized service, creating strategies suited to fit each unique situation. Call 312-574-3327 or contact us online for a free consultation with an attorney at our firm.

Repossession in Illinois. If you are 31 days behind on payments, your car (or other property) can be repossessed. After repossession, you have 20 days until the car can be sold at auction. Usually, the car is sold for two-thirds its value at most — and you will be expected to pay the balance. Stop Repossession with Chapter 13 Bankruptcy.

A Chapter 13 bankruptcy can stop repossession instantly. Even if your car has already been repossessed, we can get it back for you so long as it has not been sold at auction by the time your case is filed.

Chapter 13 bankruptcy works in part by allowing you to create a debt repayment plan to catch up on past payments for secured debts like car loans (if you want to keep your car, you will still have to pay for it). The instant you file for bankruptcy, an "automatic stay" usually takes effect — a court order forcing your creditors to stop all efforts at collecting on your debt. This will immediately stop repossession as well as foreclosure and wage garnishment.

If your vehicle has been repossessed, the vehicle sold and the finance company is pursuing you to collect the balance owed, then Chapter 7 bankruptcy may be the option for you as a Chapter 7 will discharge your liability on this debt.

If you are facing repossession, you should speak with an experienced lawyer to learn about your options and find out if bankruptcy is right for you. For a free consultation with an attorney at Ledford, Wu & Borges, LLC, call 888-542-1900 or contact our offices online.

Ledford, Wu & Borges, LLC. has offices conveniently located in downtown Chicago (Loop), the south side (Beverly), the southeast side (Stony Island), South Holland, North Riverside/Berwyn, the northwest side (Jefferson Park) and Schaumburg.

We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.