Repossessions occur when a lender takes back property due to non-payment. This can include vehicles, furniture, and other financed items. If your property is repossessed, it’s important to understand your rights and options. You may be able to negotiate with the lender or redeem the property by paying off the debt. Seeking legal advice can help you navigate this challenging situation and protect your interests.

Published On: September 10, 2024Categories: Bankruptcy and Debt, RepossessionsTags:
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