Taking legal action on a repossession must be done in a tight time frame. At Purcell, Krug & Haller, we help our clients get back repossessed items and avoid deficiencies when items cannot be saved from repossession.
In many cases of repossession, the lender will move to quickly sell the item that has been repossessed. Once that transaction is complete, you will be charged for the difference between the sale proceeds and the debt, fees and interest you still owed along with the costs of resale and storage. When the matter involves boat repossession, car repossession, home foreclosure or another high-priced item, the deficiency amount can be significant.
Deficiencies can become judgments against you and may be collectible as liens, levies, attachments and garnishments on your assets and income.
You Have Legal Options — We Can Help You Now
At Purcell, Krug & Haller, we can work to protect you from deficiency judgments after a repossession, and we may be able to help you get back your repossessed personal or business property. Our attorneys in Harrisburg and Hershey handle repossession cases for individuals and small businesses throughout the region, and we have been representing clients throughout Pennsylvania for decades.
Getting your property back after a lawful repossession may require payment of past-due balances plus interest, costs of storage and costs of repossession of the property. Additionally, you will be required to fulfill other contractual obligations if any existed under the original loan terms. The lender is not obligated to reinstate your loan unless you complete these requirements. It is advisable that you retain the services of a lawyer who has had success in repossession cases similar to yours.
Contact Purcell, Krug & Haller To Schedule A Complimentary Consultation
Please email or call us at 717-260-3485 or toll free at 866-586-6058 to schedule a meeting. We will help you make sense of the repossession and resolve the matter in your best interests.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.