Handling Estate Battles With GraceHandling Estate Battles With Grace

About Me

Handling Estate Battles With Grace

Hi, I am Ina Aldawen. Upon losing my mother at a young age, I was thrust into the world of estate lawyers in an instant. Although the process could have been a nightmare, I was lucky to end up with an accomplished and kind lawyer. The lawyer taught me all I needed to know about handling my mother's estate properly. I escaped the situation unscathed and with my relationships intact. Although I hope to never have to deal with that situation again, I at least know enough to get through it without too much stress. I built this site to share this knowledge with you in an attempt to help the world deal with estate situations better. Losing a loved one should never include a legal battle over belongings and funds. Unfortunately, it often does, so it's best to stay prepared. Come by often to learn more.

Four Things An Airplane Repossession Lawyer May Be Able To Do For You

If you own an airplane and there is the possibility of it being repossessed, you should consider hiring an attorney with experience in this area of the law. This is especially true if you need your plane for income or you find it to be a necessity for the type of work that you do. The following are a few things an airplane repo attorney may be able to do for you.

They can often delay the repossession process

An attorney, through legal means, may be able to delay the process of repossessing your airplane. This delay can give you time to sell the aircraft yourself. You are likely to get a better price. You may also use this time to raise the money you need to catch up on your late payments. Perhaps you can get a second loan from another lender, or you can sell an asset to get the money.

An attorney may be able to reinstate the loan

Depending on the state you live in, you may be able to reinstate the loan. Often this simply means catching up on your overdue payments. Even if you live in a state that does not have this law, an attorney can negotiate with the lender. Repossessing a plane is costly, much more so than repossessing something as simple as a car. If you can come up with the money, an attorney may be able to convince the lender to stop the repossession process and reinstate the loan.

They can sometimes refinance the loan

If you are behind on your payments, you will have to catch up at some point. However, it may be possible to renegotiate the loan and put your overdue payments at the end of the term. You may still have to pay late fees and other penalties, but these, too, may be tacked on to the end of the loan. This type of negotiation is seldom accomplished by the borrower. You need a legal professional.

They may be able to get your plane back

Although the best time to call an attorney is before your plane is repossessed, you may still be able to get the plane back. It may be possible for a lawyer to negotiate with the lender prior to an auction and settle on terms that are agreeable to both yourself and the lender.

If you believe that your lender is preparing to repossess the plane, you need to call a lawyer with experience. They may be able to stall the process while you decide on what you want to do. It may also be possible to refinance the loan, and in some states, reinstate the loan. And if you just found out your plane has been taken, it may be possible for an attorney to negotiate for you to get it back.