There has never been a more critical time of having a vehicle at your disposal than during the current economic downturn and rising unemployment in the Milwaukee area. Whether used for the purpose of commuting to work, job interviews, or other basic fiscal needs, it is necessary to have reliable personal transportation. This shouldn’t be an unreasonable goal, even if you’re considering filing for bankruptcy.
When you’ve experienced the bite of the poor economy in Wisconsin and you’re on the road to filing for bankruptcy in Milwaukee, the same economic issues that demand having your own personal vehicle could also mean you’ve already fallen behind on car payments and your precious vehicle is a prime target for repossession by creditors. Maybe your car was recently repossessed prior to filing for bankruptcy and you’re wondering if bankruptcy can help? Can the “automatic stay” which legally suspends a creditor’s ability to repossess most assets still be of value despite the fact that your vehicle has already been repossessed?