The letter or email you received from us did not specifically indicate that the legal action being taken against you is the result of a repossession of your vehicle; however, many collections arise from a vehicle that has been repossessed or voluntarily surrendered in the past. Under Georgia law, the car creditor must hold the vehicle after repossession for 10 days if they intend to pursue you for any deficiency between what you owe on the vehicle and the amount they receive upon sale of the vehicle. In most cases, car creditors will hold the vehicle for the required 10 days before sending it to auction. Afterwards, they begin the process of relentlessly pursuing you for the amount they claim you owe. The notice you received from our office may be related to a prior repossession or voluntary surrender.

If you are being pursued for a deficiency related to a past repossession or surrender of a vehicle, a bankruptcy case will stop the collection and you may be able to eliminate the debt altogether. Since you no longer have the vehicle, the debt is considered an unsecured debt and will be treated as such in a bankruptcy case. In a Chapter 7 case, that means the debt will be eliminated completely. If you file a Chapter 13, we still may be able to eliminate the debt if you qualify for a 0% plan. We will be glad to discuss your options under bankruptcy to stop any collection activity related to a prior repossession or surrender of a vehicle.

If your vehicle was recently repossessed and it was not a title loan, you may be able to get your vehicle back by filing a Chapter 13 bankruptcy case. When you file your bankruptcy case, the vehicle becomes property of the bankruptcy estate and the creditor is required to return the vehicle as long as you can show you have insurance on the vehicle and it is properly treated in a Chapter 13 plan of repayment. In many cases it is possible to lower the interest rate you are paying on the vehicle and in some cases, we can lower the principal amount you owe on the vehicle through a Chapter 13 plan. If your vehicle has not been repossessed but the creditor is threatening to take the vehicle, the repossession can be stopped by filing a Chapter 13 bankruptcy case.

If you would like to explore your options under bankruptcy, please contact our office to schedule a free consultation with a bankruptcy attorney.   They will review your financial situation to determine whether a Chapter 7 or Chapter 13 is best in your situation. They can also give you an estimate for your Chapter 13 plan payment if you decide to restructure the debt on your vehicle in a Chapter 13 case.



Much of the information we obtain regarding legal action taken against you comes from court records.



Contact our office with questions about the notice and simply want additional information.



We get information from the courts and other public records as soon as the legal action has been initiated.