Can a Chapter 13 Bankruptcy Help Get My Repossessed Car Back?






With the pandemic, job losses and an economic recession, more and more people are finding it difficult to keep up with monthly payments on their vehicles. Having a vehicle to drive to work or transport children to school is a necessity. Even if your vehicle has been repossessed in South Carolina, a Chapter 13 bankruptcy may still be able to get your vehicle back and allow you to keep paying for it.


If your car has been repossessed due to missed payments, but has not yet been sold by your lender, you can get your car back by filing a Chapter 13 bankruptcy if you are able to show you can afford to make payments on the vehicle. How much payments are will be depends on the balance of the loan and how much longer you have to pay on it and other facts, but in the simplest terms you can keep the vehicle if you can afford to pay for it along with your other obligations. You are also not required to pay the entire past-due balance all at once. In your Chapter 13 plan, you are able to pay the past-due amount in monthly payments over the course of your plan, which generally lasts three to five years.


Hart Consumer Law, LLC exclusively represents consumers and advocated for their interests. If you are interested in learning more about a potential Chapter 13 bankruptcy filing to save your vehicle from repossession, contact us for a consultation and learn what options are best for you.



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