Filing for bankruptcy can stop car repossession in Arizona and may even allow the filer to re obtain his car. The Chapter 13 Bankruptcy can stop repossession. If your car has been repossessed by a creditor and not sold by him when you have filed for Chapter 13 Bankruptcy, then the court can order the creditor to return the vehicle to you.

Under this bankruptcy law the monthly payments and your interest charges can also be lowered or reduced to some extent. In certain cases the balance secured by the car can be reduced to its market value. Chapter 13 Bankruptcy can stop car repossession in Arizona as the person pays a single monthly payment which consolidates all his bills.

If you are behind on car payments, the creditor can immediately…



Source by Chad Fisher