Pinkston and Pinkston, P.A.

Bankruptcy Myth Busted!

We are back with another bankruptcy myth to bust!

Myth: My car is going to get repossessed because I defaulted on my car loans.

False: Reorganizing your debt under Chapter 13 enables you to refinance any existing auto loans, effectively stopping any repossession and collection efforts against you once you file. As long as you make all of your Chapter 13 payments and maintain car insurance throughout Chapter 13 your vehicle should be protected from repossession.

If you have more questions about bankruptcy or filing for bankruptcy call David Pinkston at Pinkston and Pinkston, P.A. at 888-592-0158 or pinkstonandpinkston.com.

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