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.

Receive a FREE Consultation

Use the form below or call us at 602-456-6085 today. We’re here to help.

    Our Locations

    • Phoenix Office – New Wright Law Offices  2999 N. 44th St., Ste 600 Phoenix AZ 85018  Telephone: 602-456-6085 / 866-703-3287 Phoenix Law Office
    • Phoenix Office – Old Wright Law Offices  668 N. 44th St., Ste 320 Phoenix AZ 85008  Telephone: 602-456-6085 / 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
    • Mesa Office Wright Law Offices  4856 E. Baseline Rd. Suite #104 Mesa, AZ 85206 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

    What our clients are saying…

    TOP Rated PHOENIX BANKRUPTCY ATTORNEY
    Mr. Wright and his staff were amazing. They made a negative situation a lot better and turned it into a positive. Could really tell they care helping people and I will refer their Phoenix Bankruptcy Attorney firm to friends and family. Thanks again.
    Tara
    TOP Rated PHOENIX BANKRUPTCY ATTORNEY
    I called around looking for the right bankruptcy lawyer and came across Benjamin Wright. He personally called me for the consultation seeing how I live in Kingman AZ. He was very helpful from the start and his staff was very friendly and explained any questions I had, sorry for all the questions. I would definitely recommend Wright law offices, and I do!! Thanks for everything, you made what seemed like a hard thing to do simple!! You guys rock!!!
    Steffanie
    TOP Rated PHOENIX BANKRUPTCY ATTORNEY
    Great lawyer, he really helped my mother out of a jam. She was totally new to bankruptcy and he talked with us for about an hour and a half to make sure she wouldn’t be worried.
    Damian
    TOP Rated PHOENIX BANKRUPTCY ATTORNEY
    Ben is a kind and down to earth attorney. He worked around my busy schedule as a single mom (school, full-time job, and daycare pick up and drop off times). He explained absolutely everything to me and was good about e-mailing. I am writing this review as a THANK YOU.
    Shannon
    TOP Rated PHOENIX BANKRUPTCY ATTORNEY
    I had a very positive experience with Attorney Wright. He or his staff returned my e-mails and calls promptly (even after business hours occasionally). His fees were reasonable. He was patient with me when I showed up in court missing an important document. He is aggressive, but fair and nice.
    Jenna