How Do Vehicle Repossession Laws Work in Indiana?
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How Do Vehicle Repossession Laws Work in Indiana?

How Do Vehicle Repossession Laws Work in Indiana?
October 06, 2015

Almost everyone owns a vehicle. Many people own more than one. Sometimes people purchase vehicles on a whim only to discover that they can’t afford to keep making the monthly payments. Other people end up getting into financial troubles that are out of their control. These troubles make them unable to keep up with all their bills and debt, which can lead to repossession. One common asset that ends up getting repossessed when people get into too much debt is one’s vehicle or vehicles. When you can’t pay off your auto loan and continue making monthly payments then the lender can choose to repossess your vehicle.

So how do repossession laws work in Indiana? If you are unable to meet the requirements of your loan then the lender can take your vehicle. The lender does not have to ask permission to repossess your car. The lender will usually sell your vehicle at an auction. If your vehicle sells for more than what you owe then your debt will be resolved and you won’t owe anything else to the lender. If there is still a deficiency between the sale price and how much you owe, then you are responsible for the deficiency.

However, another way to hold onto your vehicle is by filing for Chapter 13 bankruptcy. When you file for Chapter 13 a creditor can no longer try to collect debt and a lender cannot repossess your vehicle.  Rather, the amount you owe is reamortized at 5% over the life of your Chapter 13 plan.  This allows you to keep your vehicle and make payments worry free.

If you are in danger of losing your vehicle to repossession, or your car has already been repossessed, then don’t give up hope. While we cannot guarantee that you will keep your vehicle, or get it back, we can look at your case from every angle and determine if it’s worth pursuing. In many cases, you can come out on top. At the Whitten & Whitten, we have years of experience fighting to save our clients possessions and help them stay financially afloat. We know that any kind of financial struggle can be extremely difficult and burdensome. We listen to your concerns and we discuss all your options. Please contact us today at 219-756-0555 for sound legal advice concerning vehicle repossession and bankruptcy. We are your advocates in the Merrillville area. Click here to connect with us online.




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We are a debt relief agency. We help people file for bankruptcy relief under the bankruptcy code. This information is designed for general information only. The information presented should not be construed to be formal legal advice nor the formation of a lawyer/client relationship. Past results and testimonials are not a guarantee, warranty, or prediction of the outcome of your case, and should not be construed as such. Past results cannot guarantee future performance. Any result in a single case is not meant to create an expectation of similar results in future matters because each case involves many different factors, therefore, results will differ on a case-by-case basis. By providing certain contact information herein, you are expressly authorizing the recipient of this message to contact you via the methods of communication provided.