What to Do If You Are In Danger of Repossession
Related Forms
Schedule B - Personal Property
Schedule C - Property Claimed as Exempt
Schedule D - Creditors Holding Secured Claims
Schedule E - Creditors Holding Unsecured Priority Claims
Schedule F - Creditors Holding Unsecured Nonpriority Claims
Schedule G - Executory Contracts and Unexpired Leases
Schedule I - Current Income of Individual Debtor(s)
Schedule J- Current Expenditures of Individual Debtor(s)
Summary of Schedules (Includes Statistical Summary of Certain Liabilities)
View AllIndividuals who are in danger of going bankrupt also face the possibility of experiencing repossession. Repossession occurs when an individual is unable to repay a loan secured by property.
The thought of repossession is troubling and frightening. If you are in danger of facing repossession, you should contact your creditors immediately in order to attempt to establish an effective repayment plan. If this fails, it may be beneficial to consider speaking with a bankruptcy attorney.
NEXT: All You Need To Know About Homestead Exemption
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