Your case is as important to us as it is to you.
805-
Free Consultations
Russ W. Ercolani, Esq.
Ercolani Law Group
4195 E. Thousand Oaks Blvd.
Suite 175
Westlake Village, CA 91362
Tel: 805-
Fax: 805-
The Law Offices of Russ Ercolani is located in Westlake Village, California, and serves clients throughout Ventura County and Los Angeles County, including the people in the communities of Westlake Village, Agoura Hills, Calabasas, Woodland Hills, Thousand Oaks, Moorpark, Oak Park, Simi Valley, Camarillo, Oxnard, and Ventura.
Russ Ercolani is an Attorney at Law, a member of the State Bar of CA, and helps people with legal issues
related to personal injury, bankruptcy, estate planning, business, and insurance matters.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.
Copyright © 2010 by Russ Ercolani. All Rights Reserved
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Bankruptcy and Your Car
Car Repossession Attorney, Thousand Oaks, Ventura County
Have you fallen behind on your car payments? Are you receiving demand letters and phone calls regarding your past due payments? If you are delinquent on car payments, or if your lender has threatened car repossession, our firm can help you avoid car repo. At the Ercolani Law Group, we help consumers file bankruptcy and obtain relief from car repossession.
At the Ercolani Law Group, located in Westlake Village, California, we are skilled
and experienced at providing counseling regarding asset-
You Have Options
Chapter 7 Bankruptcy
Filing for either Chapter 7 or Chapter 13 before the car is repossessed can allow you to keep it. In Chapter 7 bankruptcy you have two options. After filing, you can voluntarily "reaffirm" your car loan and continue making payments just as you would have before — provided you can pay any past or overdue payments in full immediately. Your second option under Chapter 7 is called "redemption." Redemption, in terms of keeping your car, simply means that you can buy the car outright by paying its book value as opposed to the value of the loan. If your loan is $5,000 but the car itself is only worth $2,000 today — $2000 is what you'll pay. This can save you thousands of dollars.
Chapter 13 Bankruptcy
Chapter 13 provides other options. If you are behind on car payments and do not have
the money to pay them off immediately as part of reaffirming your loan in a Chapter
7, a Chapter 13 repayment plan bankruptcy will give you time to pay those off while
continuing to make regularly scheduled payments. Chapter 13 also brings the "910
Day Rule" into play. In short, if you are filing for Chapter 13 bankruptcy relief
and purchased your car less than 910 days ago (roughly 30 months) — you will have
to pay the full value of your loan. However, modifying that loan payment and your
interest rate are real possibilities. If you purchased your car more than 910 days
ago—you may be able to "cram-
Contact Us for Your Free Initial Consultation with a Laywer
If your car is going to be repossessed, we can help protect your rights. For more
information on stopping car repossession, contact the Ercolani Law Group. Our office
is located near the 101 Ventura Freeway in Westlake Village, east of Westlake Blvd,
just a short drive from Simi Valley, Woodland Hills, or anywhere in Ventura County.
Get a free consultation: email our law office or call 805-
