Maverick British writer-director Alex Cox (Sid & Nancy, Walker) is plotting a follow-up to his 1984 cult hit, Repo Man.

Cox has already completed the screenplay for the project, Repo Chick, and is looking for studio backing. The original Repo Man was distributed domestically by Universal.

The new film comes billed as 'a 21st-century look at the issues of Repo Man.' The film will feature some of the same cast as appeared in Repo Man, but the main protagonist will be female. There will not be roles for Emilio Estevez or Harry Dean Stanton.

Repo Chick will unfold against the backdrop of the credit crunch and the subprime mortgage crisis in the US, where repossessions of homes, cars and other forms of property is at a new high. 'The repo business has expanded to everything from boats, houses, aeroplanes, small nations...children,' Cox told

The Oregon-based Cox was in the UK this week for the launch of of his book X Films, True Confessions of a Radical Filmmaker (published by IB Tauris). A season of Cox's films is currently being held at the Barbican Cinema (today through July 8), including his latest feature, road comedy/western Searchers 2.0 which premiered last year in Venice and has been acquired by the BBC for UK TV rights.

Other new Cox projects include a planned multi-media project to tie in with The Boy Bands Have Won, the new album by Chumbawumba, and a film called The Briefcase. Of the latter, Cox says: 'The subject matter is secret. But it is guaranteed to piss the right people off.'