Bankruptcy and repossession

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At Sadek Bankruptcy Law Offices, we realize that every situation is different. Our debt relief lawyers will take the time to learn about your situation and your goals. Our objective is to explain your legal options and offer the best debt relief strategy for you in the most compassionate and friendly manner possible. Call 24/7 to schedule your meeting with a lawyer.


Our office understands the financial stress our clients endure. Therefore, in addition to reasonable legal fees, we offer a payment plan to all of our valued clients to make quality legal services most affordable.


In addition to our primary law office in Center City, Philadelphia, we also have law offices throughout the Greater Philadelphia, Pennsylvania Area and in New Jersey. Our branch offices have contributed to making us the #1 Bankruptcy Filer and debt relief firm in the Greater Philadelphia area. Our goal is to have a convenient location within 20 minutes of where our clients work or reside.

Bankruptcy and repossession

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Repossession is something that most people fear when experiencing financial troubles. The thought of your car being taken back is scary and many do not know what to do in the case of a repossession. It is important to understand what a repossession means and how filing for bankruptcy can potentially help this situation. 

You can file for either Chapter 13 or Chapter 7 bankruptcy after a repossession. With Chapter 13, you start a payment plan which can help get your car back and keep it after. This is a quick process as you only have ten days to file in order to stop the lender from selling your car. If the car is sold, filing Chapter 13 will not get the car back. With the repayment plan, past-due car payments must be made to the creditor. Many times, you can pay the entire loan through the repayment plan and you can potentially lower your car payments and the interest rate by filing Chapter. 13. 

Chapter 7 bankruptcy can help you both before and after a repossession. After repossession, Chapter 7 can temporarily stop the creditor from selling the car. Through negotiation, you and the lender can come to an agreement or you can redeem the vehicle. The lender may refinance the loan and work with you to catch up on payments. Companies, however, are not required to work with you and it will depend on the company in question to do so. Filing Chapter 7 prior to repossession can be beneficial and help prevent repossession completely. In four to six months, Chapter 7 can help get rid of all debt. When getting out of debt, you can begin to rebuild your financial well-being and begin saving for future emergencies and retirement. 

Filing for bankruptcy may seem intimidating, but Chapter 13 and Chapter 7 can help you and your future. These provide the opportunity to reset your financial status and even gain back repossessed items. Working with an attorney will give you the peace of mind that you are taking the best path for your unique situation. 

The attorneys at Sadek Bankruptcy Law Offices have handled thousands of bankruptcies in Philadelphia and the surrounding counties of Montgomery, Delaware, Bucks, and Chester. We are also licensed in the State of New Jersey. Contact us today to schedule your free consultation at 215-545-0008.

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