Protect Your Assets from Repossession & Foreclosure

Repossession — Two Men Shaking Hands in Aiken, SC
Foreclosure and repossession can be overwhelmingly stressful, which is why Andrew C. Marine Attorney at Law works closely with each of his clients in order to ensure the necessary steps are being made. Bankruptcy doesn’t mean you have to give up your house, car and other assets. Call us today and start taking back your life from crippling debt, (803) 649-0875.
Repossession — Two Men Shaking Hands in Aiken, SC
Foreclosure and repossession can be overwhelmingly stressful, which is why Andrew C. Marine Attorney at Law works closely with each of his clients in order to ensure the necessary steps are being made. Bankruptcy doesn’t mean you have to give up your house, car and other assets. Call us today and start taking back your life from crippling debt, (803) 649-0875.

Foreclosure Facts

  • Filling for bankruptcy will stop all foreclosure proceedings
  • You might qualify for a loan modification
  • A bankruptcy specialist from a mortgage company will handle your account
Filing for bankruptcy immediately halts any foreclosure proceedings. In certain cases, filing bankruptcy may help qualify for a loan modification due to improvement of debt-to-income ratio. If you are behind on mortgage payment, Chapter 13 may be a viable way to catch payments up.

Repossession Terms

  • Surrender — A debtor surrenders assets to the creditor and following bankruptcy discharges the debt after auction
  • Pay and retain — The debtor continues to make payments and remains current, which allows you to keep the property
  • Reaffirmation — The debtor reaffirms the debt and makes payments in order to rebuild credit
  • Redemption — The debtor can pay a lump-sum equal to the market value of the property to the creditor.
Bankruptcy takes time to prepare and you may not be able to get your vehicle back if it's already been repossessed. It's important to speak with a professional attorney immediately to determine exactly what your options are.