Americans are behind on car payments - with almost 2 million vehicles repossessed last year

When Car Payments Fall Behind: Why Bankruptcy Shouldn’t Be Taboo

Across the country, more and more Americans are falling behind on their car payments—at levels not seen since the Great Recession. Rising vehicle prices, soaring interest rates, and tighter budgets have made it harder for everyday families to stay current. For many, what starts as one missed payment can quickly turn into late fees, calls from collectors, and the threat of repossession.

If you’re struggling to keep up, you’re not alone—and you still have options.

When the Bills Start Piling Up
It’s easy to feel overwhelmed when monthly payments begin to snowball. Missing a car payment might lead to falling behind on credit cards, medical bills, or even rent or mortgage payments. Before long, it can feel like there’s no way out.

But the truth is, there is a way forward.
Bankruptcy was designed to give honest people a fresh start—not to punish them. It’s a legal tool that can help you stop creditor calls, prevent repossessions, and create space to rebuild your finances.

Bankruptcy: A Fresh Start, Not a Failure
At The Law Office of T. Verner Smith, we help individuals and families understand how bankruptcy can help them regain control. Depending on your situation, bankruptcy may allow you to:

• Stop collections and lawsuits immediately through an automatic stay.
• Prevent or recover repossession of your vehicle in certain cases.
• Eliminate unsecured debts like credit cards and medical bills.
• Restructure payments on secured debts, such as auto or mortgage loans.

Bankruptcy doesn’t erase your hard work or your future—it simply gives you a chance to start again with a clean slate.

Don’t Wait Until It’s Too Late
If you’ve fallen behind on car payments or other bills, don’t wait until you’re facing repossession or wage garnishment. The earlier you seek legal advice, the more options you’ll have to protect what matters most.

Call The Law Office of T. Verner Smith today at (731) 423-1888 for a confidential consultation. We’ll walk you through your options and help you take the first step toward financial stability and peace of mind.