Yes, you can stop your vehicle from being repossessed by either Chapter 7 or Chapter 13 bankruptcy. Under a Chapter 7 procedure, you would need to make up the delinquent payments and the creditor may ask for a reaffirmation agreement. Under a Chapter 13 procedure, there would be a structured payment plan.

 

If your vehicle has already been repossessed, under the Chapter 7 procedure, you cannot get your vehicle back, but when the creditor sells the vehicle at auction, any deficiency balance would be a dischargeable debt. Under the Chapter 13 procedure, many times you can get your vehicle back and set up a structured payment plan.