Buying a car, truck or SUV these days can be quite expensive. The average length of time that customers take to pay for a new vehicle is 60 months or 5 years. During all that time, things can happen that may cause the car owner to experience financial distress, which could affect they payments on their automobile. Unfortunately, owners usually find themselves facing repossessions. This can be quite stressful, but there is nothing illegal about it. Each state has its own rules concerning repossessions. A lawyer who represents clients facing repossessions in Tyler, TX wants clients to know all about repossessions in the state.
Those who are desperate to avoid repossession should learn what their rights are concerning repossession in Texas. This includes a thorough reading of the contract when making the contract with the seller. In Texas, a vehicle can be repossessed simply by being late in the month the payment is due. The one who holds the title to the vehicle is not required to go to court for repossession. There is also no specific requirement to warn the automobile owner of the intent to repossess.
Those who are hired to repossess debtors’ automobiles do not have to be licensed, meaning that a debtor could be dealing with an individual that is not professional. At times, the re-possessor could even be hostile. The re-possessor is allowed on to the property of the debtor, but cannot disturb the peace in doing so. If the debtor is facing repossession and wants to take measures to avoid it, they might consider speaking to an attorney about bankruptcy.
The Law Office of William H. Lively, Jr. has been representing the legal interest of clients in Tyler, Texas and the surrounding areas for over 22 years. Those who are considering options to save their vehicles from repossession will do well to seek the advice of the attorney about bankruptcy. With bankruptcy, the automobile is covered against repossession, and the finance company cannot take it. If interested clients are facing possible repossessions in Tyler, TX and want to speak to an attorney, William H. Lively, Jr. is available. The law firm invites potential clients to visit us at www.williamlivelylawfirm.com.
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