Experienced Morristown Repossession Attorney

Representing Clients in Morris County and Surrounding Areas

Many people explore their debt relief options when they are no longer able to make monthly auto loan payments. They may need help after a lender repossesses their vehicle. Others avoid taking action because they are worried about losing their cars should they file for bankruptcy.

Without reliable transportation, commuting to work and meeting family or social obligations can become challenging. Fortunately, the U.S. Bankruptcy Code contains provisions designed to keep debtors in their vehicles and on the road.

At Ast & Schmidt, P.C., we understand how important it is that you keep your vehicle. We know how to navigate bankruptcy in a way that advances your best interests. We can also secure what you need for a successful future. If you are looking for attorneys with decades of combined experience in bankruptcy law, we are the team for you.

Contact our Morris County repossession lawyers at (973) 363-2260 for immediate support today.

Why Choose Ast & Schmidt, P.C.?

  • Personalized Services Tailored for You
  • Over 25 Years of Bankruptcy Experience
  • Free Initial Consultations
  • Available After Hours by Appointment

Are You Worried About Losing Your Car?

When you file for personal bankruptcy, an automatic stay ends all collection attempts from your creditors. It will stop car repossession from auto financing companies, even when loans are seriously delinquent.

If you file for Chapter 7 bankruptcy, you will likely be able to keep your vehicle under the personal property exemptions. If you choose to file for Chapter 13, lenders may not repossess if you include arrears in the payment plan. You also need to make all payments on time for your Chapter 13 payment plan.

The bankruptcy laws were not written to punish misfortune or poor decisions. Our experienced repossession attorneys in Morristown can explain how these laws might allow you to keep your car. We can help you with the fresh start you need and deserve.

Contact our Morris County repossession lawyers at (973) 363-2260 for immediate support today.

  • "..Thank you Ast and Schmidt for all that you do!"
    I have personally used Ast & Schmidt and have recommended them to friends and family members as well. Robert and Antoinette are always responsive, timely, and available to go over any questions or concerns I might have in what could be an otherwise stressful process. I can confidently say that I 100 percent trust Robert's guidance and quality of work. He and the staff go above and beyond to make sure I understand all of my options as well as the process from beginning to end. Antoinette always makes me feel comfortable when I call with questions and Robert's guidance and services have truly been a blessing in helping me transition out of some rough times so that I could move forward in my personal and professional endeavors. I can not recommend this firm highly enough. You will be well taken care of. Thank you Ast and Schmidt for all that you do!
    - Rena Z.
  • "Throughout our experience with Ast & Schmidt, my husband and I were treated with the utmost respect and compassion."
    Throughout our experience with Ast & Schmidt, my husband and I were treated with the utmost respect and compassion. Whenever there was a question (even during COVID), Rob Schmidt was most accessible and helpful to us during this difficult time. We would recommend them to anybody who is undergoing financial challenges. Everyone associated with the company is attentive and a pleasure to deal with, even regarding the most trivial matters. Certainly, when addressing the complicated issues that arise during legal proceedings, Ast & Schmidt provides seamless and impeccable attention to every detail.
    - Iris G.

Has Your Lender Already Repossessed Your Car?

Finance companies generally sell repossessed vehicles and apply the proceeds to the outstanding loan balance. If you have filed bankruptcy, the automatic stay requires your lender to obtain court permission before selling your vehicle.

This puts lenders in a difficult position and provides debtors with numerous options, including:

  • Bank negotiation - When facing an automatic stay, lenders may modify the terms of your loan, lowering payments to avoid court.
  • Redeem the vehicle - Under the Bankruptcy Code, debtors can choose to repurchase their repossessed vehicles for their fair market values. This may be a prudent choice if you owe money on a car that has lost value
  • Include your auto loan arrears and monthly payments in a Chapter 13 payment plan. As long as you make payments on time, lenders cannot repossess a vehicle covered by a Chapter 13 payment plan.

End the Anxiety and Get the Answers You Need

Repossession can instantly worsen a difficult financial situation, but pursuing debt relief by filing a personal bankruptcy could prevent this entirely. We can help you with your options after repossession or with how an automatic stay could help you keep your car.

At our Morristown law firm, we are fully prepared to address each of your concerns. With 30+ years of combined experience, we have an in-depth understanding of your rights, creditors’ tactics, and bankruptcy law.

Contact our Morristown lawyers for a free consultation by calling (973) 363-2260 or completing our online form today.

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