Auto Repossession
Increasing Repo Rates and Unstable Subprime Market Create Transportation Challenges. Is Chapter 13 Bankruptcy the Answer?
The automobile repossession rate in the U.S. is so high that it recently prompted a U.S. Senator to open an investigation into the auto lending market. Repossession rates have been higher just once in the past 30+ years–at the outset of the Great Recession. It’s estimated that approximately 3 million automobiles were repossessed in 2025.
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When you surrender your car to your auto lender, it's called a "voluntary repossession." Learn about the process and how it affects your car loan.
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What are the California laws and guidelines for car repossession? How late can you be on a car payment before repo? How much are repossession fees in California? Learn everything you need to know about California repo laws and how to avoid repossession. Our Los Angeles bankruptcy attorneys may be able to help.
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