{"id":37502,"date":"2023-02-13T09:44:39","date_gmt":"2023-02-13T17:44:39","guid":{"rendered":"https:\/\/pdxlegal.com\/?page_id=37502"},"modified":"2023-03-28T09:46:42","modified_gmt":"2023-03-28T16:46:42","slug":"car-repossession-and-chapter-13-bankruptcy","status":"publish","type":"page","link":"https:\/\/pdxlegal.com\/car-repossession-and-chapter-13-bankruptcy\/","title":{"rendered":"Chapter 13 Car Repossession in Oregon"},"content":{"rendered":"

Drive towards financial freedom and get your car back<\/b>\u00a0<\/span><\/h2>\n

Car repossession can be a devastating experience for individuals who rely on their vehicles for transportation. Fortunately, filing for Chapter 13 bankruptcy can provide relief and prevent repossession in certain circumstances. With this option, you may be able to keep your car and make affordable payments. Alternatively, you may be able to surrender your vehicle to the lender and avoid the burden of car payments.\u00a0<\/span><\/p>\n

Learn more about Chapter 13 bankruptcy car repossession, including benefits, legal requirements, and potential risks. If you’re considering filing for Chapter 13 bankruptcy to address car repossession issues in Oregon, don’t hesitate to contact Michael D. O’Brien & Associates, P.C.\u00a0<\/span><\/p>\n

Our skilled attorneys can provide you with personalized legal guidance and <\/span>help you navigate the bankruptcy process<\/span><\/a>. Call us today to schedule a consultation and learn more about how we can assist you.<\/span><\/p>\n

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Why Work with a Chapter 13 Car Repossession Attorney in Oregon?<\/b><\/h2>\n

Working with a Chapter 13 car repossession attorney in Oregon can be beneficial for several reasons. First, a competent attorney can help you understand your legal rights and options in a Chapter 13 bankruptcy case and the potential consequences of different actions. This knowledge can be invaluable in making informed decisions about how to proceed.<\/span><\/p>\n

Furthermore, a Chapter 13 car repossession lawyer can help you navigate the complex legal process, ensuring your case is filed correctly, and all necessary documentation is submitted on time. They can also work with creditors to negotiate repayment plans<\/span> that fit your budget and help you keep your vehicle.<\/span><\/p>\n

Finally, a Chapter 13 car repossession attorney can provide you with the emotional support and guidance you need during this stressful time. They can answer your questions, address your concerns, and provide peace of mind knowing that your case is in good hands.<\/span><\/p>\n

Working with a Chapter 13 car repossession lawyer in Oregon can help you protect your rights, keep your vehicle, and achieve a brighter financial future.<\/span><\/p>\n

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What is Chapter 13 Bankruptcy?<\/b><\/h2>\n

Chapter 13<\/span><\/a> bankruptcy is similar to Chapter 7 in that most of the paperwork, including the Petition, Schedules, and Statement of Financial Affairs, is the same. However, Chapter 13 is typically only considered if Chapter 7 is not a good fit for your situation. The <\/span>centerpiece of a Chapter 13 case is the Plan<\/b>, which outlines how much you need to pay to obtain a discharge while keeping all your assets.<\/span><\/p>\n

This <\/span>payment is usually between 5% and 50%<\/b>, and the Plan must comply with Chapter 13 rules and show that you can afford to make payments, but not more. You need to provide detailed information about your income, debts, vehicle loans, taxes, and other expenses.<\/span><\/p>\n

It is essential to have a lawyer’s help in creating a feasible payment plan and budget that adheres to the Chapter 13 rules. While the payment process can be complicated, it is also essential to note that you will not lose any assets in a Chapter 13 bankruptcy.<\/span><\/p>\n

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Understanding Car Repossession in Chapter 13<\/b><\/h3>\n

As per the decision of the 7th Circuit Court of Appeals, if a vehicle is seized before the filing of Chapter 13 bankruptcy, the creditor is obligated to return the vehicle to the debtor after the case is filed and a request for its return is made.<\/span><\/p>\n

Before this ruling, if a vehicle was seized before filing for Chapter 13 bankruptcy, the debtor typically had to provide “adequate protection” to the creditor before the vehicle could be returned.<\/span><\/p>\n

Having sufficient protection necessitates providing evidence of possessing comprehensive auto insurance coverage. In some cases, the debtor may also need to demonstrate their ability to make Chapter 13 payments, which could involve more than just negotiating and may result in prolonged legal disputes or court proceedings.<\/span><\/p>\n

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In What Ways Does Chapter 13 Aid in Retaining Your Vehicle?<\/b><\/h2>\n

Chapter 13 bankruptcy provides benefits to help with property, including vehicles, through the following:<\/span><\/p>\n