Debra Booher &Associates Co., Lpa Click here to get your free Legal evaluation
Call Us Today Toll Free

Understanding how a car repossession works

There is little else as stressful as knowing that creditors are getting anxious about receiving their payments and have threatened repossession of a vehicle. For many people in Ohio who are stuck in this inconvenient predicament, feelings of anxiety and anger may be soaring. In preparation for the worst, people may benefit from at least understanding how the process works, as well as which alternatives are available to them in avoiding a repossession entirely. 

According to the Federal Trade Commission, creditors are under the legal right to repossess any vehicle in situations where people have defaulted on their loan by refusing to make a payment regardless of whether or not it was intentional or due to a lack of adequate finances. When people know they will be unable to abide by their contract and make their payment on time, they may be able to negotiate the terms of their contract, but any changes should be received in writing. 

Once a car has been repossessed, the creditor has the option of whether or not they will keep it or sell it. In these cases, they are required to contact the owner and allow them to retrieve any personal property from the vehicle before preparing it to sell. People may also be able to inquire about getting their loan reinstated. However, if they fail to make payments a second time, those types of arrangements may not be as readily accessible. suggests that people consider trying to renegotiate the terms of their contract, contact friends and family for financial assistance and even returning or selling the car if they are facing potential repossession.  

Can bankruptcy help?

Another option for someone facing possible car repossession is bankruptcy. In fact, there are several reasons why bankruptcy can help. For instance, if your car has already been repossessed, a Chapter 13 bankruptcy may allow you to get your car back, so long as you stick to the Chapter 13 repayment plan.

However, this is just one way in which bankruptcy can help. If you would like to learn more, it is best to seek professional guidance.

No Comments

Leave a comment
Comment Information
Email Us For A Response

How Can We Help?

Bold labels are required.

Contact Information

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.


Privacy Policy

Cuyahoga Falls Office
1350 Portage Trail
Cuyahoga Falls, OH 44223

Cuyahoga Falls Law Office Map

Beachwood Office
3401 Enterprise Pkwy.
Suite 340
Beachwood, Ohio 44122

Map & Directions

Independence Office
4700 Rockside Rd
Suite 415
Independence, Ohio 44131

Map & Directions

Westlake Office
1991 Crocker Rd
Suite 600
Westlake, Ohio 44145

Map & Directions

Canton Office
4450 Belden Village Street NW
Suite 204
Canton, Ohio 44718

Map & Directions

Ravenna Office
2633 St. Rt. 59
(Orchard Plaza)
1st floor
Ravenna, Ohio 44266

Map & Directions