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Phoenix Auto Loan Bankruptcy Attorney

Dealing with auto loan debt in bankruptcy is a concern shared by many people who are struggling with debt.

Whether you are looking to eliminate auto loan debt through bankruptcy or exploring options for keeping your car through bankruptcy, you should seek advice from an experienced bankruptcy attorney.

Contact Wright Law Offices to schedule a free consultation with a Phoenix auto loan bankruptcy lawyer.

What Happens to Car Loans in Bankruptcy?

There are a number of options available for individuals with auto loans considering bankruptcy: surrendering the car to the bank and discharging the debt, seeking an auto loan reaffirmation and repaying the remaining debt, refinancing the car loan to its current value and buying out the secured creditor, or filing Chapter 13 bankruptcy.

Keeping Your Car Through Chapter 7 Bankruptcy

"Can I keep my car if I file bankruptcy?" This is one of the most common questions asked by people considering bankruptcy. The truth is, it may be possible for people to keep their cars even after filing bankruptcy depending on the amount of equity in the vehicle and other factors.

If you want to keep your car through bankruptcy instead of seeking to eliminate an auto loan, we can help you determine if you qualify for an auto loan reaffirmation. This would allow you to keep your car and continue making payments after you file
Chapter 7 bankruptcy.

Auto "Cramdowns" in Chapter 13 Bankruptcy

When the owner of a car owes more money than the car is worth, he or she may be able to reduce the amount owed on the car through a procedure known as a “cramdown.” This option is available only in
Chapter 13 bankruptcy. Certain requirements must be met to qualify for a vehicle cramdown, but if met, the amount you owe on your car can be significantly reduced. Contact a Phoenix bankruptcy lawyer from our firm to learn more.

Contact a Tempe Chapter 13 Bankruptcy Attorney

Schedule a
free consultation with a Phoenix bankruptcy attorney to learn more about your options for eliminating auto loan debt. Call 480-845-0145 today.

We are a debt relief agency. We help individuals and businesses file for bankruptcy relief under the Bankruptcy Code.

Contact Us for a Free Consultation
Office Locations

Phoenix Office
Wright Law Offices
668 N. 44th St., Ste 320
Phoenix AZ 85008

Telephone: 480-845-0145 / 866-703-3287
Phoenix Law Office

Scottsdale Office
Wright Law Offices
7135 East Camelback Road, Ste 230
Scottsdale AZ 85251

Telephone: 480-845-0145 / 866-703-3287
Scottsdale Law Office

Tempe Office
Wright Law Offices
2238 S. McClintock Dr.
Tempe AZ 85258

Telephone: 480-845-0145 / 866-703-3287
Tempe Law Office

Avondale Office
Wright Law Offices
12725 W Indian School Rd, Suite E-101
Avondale AZ 85392

Telephone: 623-258-4480 / 866-703-3287
Avondale Law Office

Prescott Office
Wright Law Offices
1129 Iron Springs Rd
Prescott AZ 86305

Telephone: 623-258-4480 / 866-703-3287
Prescott Law Office

Mesa Office
Wright Law Offices

1731 W. Baseline Rd.
Suite #100
Mesa, AZ 85202
Telephone: 480-845-0145 / 866-703-3287
Mesa Law Office

Glendale Office
Wright Law Offices
20325 N. 51st Ave., Suite 134
Glendale, AZ 85308
Telephone: 623-258-4480 / 866-703-3287
Glendale Law OFfice

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