Indiana Repossession Laws
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“We’ve Been Helping People from Merrillville and Northwest Indiana Get Out of Debt for 20 Years”

 Indiana Repossession Laws

 Indiana Repossession Laws
January 19, 2021

Every day, we speak with clients who are facing difficult financial challenges. There is often a lot of fear associated with terms like bankruptcy and repossession. At Schmidt Whitten & Whitten, our Indiana repossession lawyer strives to help our clients by answering your questions about repossession while providing legal services with the goal of minimizing the impact of these processes. One of the questions that comes up frequently is related to repossession – specifically, what are the implications of being in debt and filing for bankruptcy while owning property? 

Understanding Indiana Repossession Laws

If you have purchased an item with secured financing, commonly a car, truck, motorcycle, boat, or another type of vehicle, and still owe money on the loan, the lender could repossess your vehicle if you are unable to make the payments. Most lenders outline repossession details in the paperwork when you sign a loan for a vehicle. This is a common scenario, and it is important to understand how repossession laws work in Indiana. 

  • If you have a signed contract that shows you are using your vehicle as collateral for a loan, your vehicle is eligible for repossession in Indiana. 
  • If you are unable to honor the terms of the loan, typically meaning that you fail to make payments, your property can be repossessed by the lender.
  • Repossession agencies in Indiana are not required to let you know before they repossess your vehicle, and lending companies do not need to go through a court hearing to start the repossession process. 
  • Although repossession agents do have the ability to seize your vehicle if you have defaulted on the loan, there are limits on how this can happen. For example, a repossession may occur if you voluntarily bring your vehicle into an auto shop for a tune-up, but a repossession agent cannot show up at your home to recover your property. 

An Experienced Indiana Repossession Attorney Can Help Protect Your Rights

When it comes to repossession laws in Indiana, you have certain rights, and it is essential to understand what those are. An experienced repossession lawyer can help you navigate through this process. At Schmidt Whitten & Whitten, our team will help to carefully review the details of the claim. 

In some cases, repossession is processed incorrectly and without the proper written notification. In other cases, the lender might attend to perform a significantly undervalued sale of your repossessed vehicle at auction in order to sell the car quickly. There are ways of protecting both you and your assets when it comes to vehicle repossession. Understanding your rights is the first step. 

Find Your Way out of Debt – Contact an Indiana Repossession Lawyer Today

At Schmidt Whitten & Whitten, we are dedicated to helping our clients recover financially. Whether it is through the loss of a job, a sudden medical emergency, or some other form of financial hardship, we understand that every client’s situation is unique and deserves special care. Contact us as soon as possible to schedule a free initial consultation and to learn more about your legal options for overcoming your debt. 




Schedule A Free Consultation

At Schmidt Whitten & Whitten, we offer a free consultation during which we will examine the facts of your case and advise you on how best to proceed

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Our Location200 E. 80th Place
Suite 110
Merrillville, IN 46410
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.
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