Let a Cabot Repossession Attorney Get Your Property Back

Repossession Filing & Assistance – Cabot, Arkansas 

You work hard for your things. Whether that be your beloved car, family home, or rental property, feeling personally tied to what you’ve spent your hard-earned money on is normal. So, when a lender repossesses these belongings for a number of qualifying reasons, it can be hard to face.

Even if the repossession was lawful, you still have rights. You don’t have to sit around confused, in debt, and unsure of what to do next.

Most repossession cases start with clear evidence. If you feel like you don’t have the anecdotal or physical evidence you need to make your claim, call us. We’ll find you a Cabot repossession attorney ready to sort through any missed payments or overwhelming debt.

Before you get the help you deserve, let’s talk about what repossession really is (and isn’t):

How Does Arkansas Define Repossession?

When a borrower doesn’t follow their repayment plan as agreed upon, the state of Arkansas considers that to be an act of default. In this case, the borrower is either not paying, paying too late, or consistently missing payments, which are all reasons to consider their loan forgone.

So, the lender has full legal authority to repossess the property from the borrower without a conversation. Sounds pretty harsh, right? We agree. Fortunately, there are ways to get your property or automobile repossession voided.

While this may be more likely in cases of illegal repossession, our attorneys can find a way to balance out your claim with the expectations of the law. In some cases, all it takes is a conversation with your lender and the expertise of a repossession lawyer in Cabot, Arkansas, to reinstate your loan and wipe your credit clean.

Cases where the property was repossessed illegally or without just cause have the best chance of property reclamation. Talk to us about getting the necessary paperwork in motion and you could have your vehicle, funds, and additional property back in your possession quickly.

The state can choose to repossess any property on loan at any time for the following reasons:

• Missed Payments
• Frequently Late Payments
• For Vehicles, Losing Insurance
• For Homes, Foreclosure or Eviction
• Illegal Actions, such as Fraud and Unauthorized Property Movement

Know Your Rights

Before you let the law tell you what you can and can’t do when it comes to repossession, it’s important to know your rights. Firstly, know that even with a few missed payments, or a spotty month, you have the power to recreate a repossession plan that works for you.

Car, mortgage, and other missed payments do impact your credit, but they don’t have to stain  your score forever. With help from our lawyers, proceed with a clear-cut idea of what you’d like to have back and resolve the issue as soon as possible.

WH Law is willing to negotiate your terms with a lender, or in larger cases, state law under the following residential rights:

Right to Personal Property: Anything that might’ve been left behind at your repossessed property cannot be taken or sold by the lender. If you find post-reclamation that more of your property has been taken, you can file a legal action against the lender under state law.

Personal property, from a legal standpoint, includes belongings like:

• Electronics
• Equipment
• Clothes & Accessories
• Documents
• & More

Right to Redeem: You can redeem or clear your status as a borrower by paying back your debts in full. Then, you can recover your property with a clean slate. Note that the conditions for a tax sale redemption versus a foreclosure sale redemption are different. Learn about home foreclosure redemptions here.

Note that filing for Chapter 7 bankruptcy does not allow you the same rights. For more information about this kind of bankruptcy, talk to our Chapter 7 lawyers in Cabot, AR.

Right to an Accounting: Even after your property has been seized, you can request a full accounting report detailing how much you owe. The lender has 14 days after your request to respond. If they don’t cooperate, you can take necessary legal action against them.

Note that in the state of Arkansas, a lender is not legally required to inform you ahead of time that they are repossessing your property (rentals, cars). They can do it rain or shine, so be sure you understand what you can and can’t pursue with the help of our law firm.

Wrongful vs. Legal Repossession

The first thing a Cabot bankruptcy attorney for repossession will tell you when you meet with them is whether or not your property was seized under legal or wrongful circumstances. This can help pinpoint exactly where your case has some leeway, or none at all.

For vehicle repossession, you need to be able to prove that your property was taken either by:

• Physical Force
• An Illegal Entrance
• Property Damage
• Fabricated Circumstances (Creating Missing Payments, Fraud, Etc.)

These all fall under the illegal repossession category if proven by evidence.

Legal repossession, on the other hand, is hard to refute. Your lender may have been building a case against you for months on end without your knowledge, even if you’ve only missed a few payments. This is why experts, such as car repossession attorneys, can help you achieve the best outcome in your case.

The WH Way

Our entire process, especially when it comes to repossession, is focused on you. Find personalized ways to deal with your deficiency balance, or simply gain access to legal experts in your area when you call us in Cabot for a consultation or schedule a follow-up meeting.

Arkansas residents struggling to get back their treasured property or motor vehicles may find us to be a resourceful, action-led force when dealing with creditors. Finances, especially those as complicated as loans, shouldn’t be taken lightly. That’s why we promise to cover all bases, getting you answers even in situations that feel impossible.

Good people find a way to help good people, and that’s what we’re here to do with your repossession case. If you need to sue, no problem. We’ll show you the difference between litigation that talks and litigation that sets you free.

Call to speak with a repossession defense lawyer today.