There are few things in life as stressful as the pain felt by those facing foreclosure. There are several ways to stop foreclosure immediately and the obvious way is by catching up on missed monthly payments. By contacting the lender, one can easily determine how much is past due and work out an arrangement to make outstanding payments. However, those facing financial hardship may find this easier said than done. Another way to stop foreclosure is by filing a chapter 13 bankruptcy. Our team can … [Read more...] about What are the Best Ways to Stop Foreclosure Immediately?
What Happens When You File For Bankruptcy?
Many good things happen the moment you file for bankruptcy. As soon as bankruptcy is filed, all debt collection calls MUST stop. The same is true for collection-related actions, such as auto repossession, home foreclosure, wage garnishment, and any lawsuits or legal proceedings. Bankruptcy filing is the fastest and most effective way to get debt relief from creditors. A bankruptcy case must be filed with the bankruptcy court before debt relief is possible. Once a bankruptcy case is filed, … [Read more...] about What Happens When You File For Bankruptcy?
What is Chapter 7 Bankruptcy in California?
What is chapter 7 bankruptcy? In short, chapter 7 bankruptcy is very simply defined as a method of eliminating debts and stopping all collections by filing a petition with a bankruptcy court. When a person files Chapter 7 bankruptcy, the intended result is to eliminate all debts, stop collections, stop wage garnishment, stop collection lawsuits from proceeding, stop the foreclosure process, and stop auto repossession. Individuals must qualify to file Chapter 7 bankruptcy, and the general … [Read more...] about What is Chapter 7 Bankruptcy in California?
What Happens If I Declare Bankruptcy?
Every day we receive calls from people asking “what happens if I declare bankruptcy?” We usually tell people that declaring bankruptcy could be the best strategy for getting rid of debt and immediately improving a very difficult situation. In general, there are MANY benefits and MANY good things that happen when a person files bankruptcy. To name a few: chapter 7 bankruptcy wipes out credit card debt chapter 7 bankruptcy wipes out medical debt chapter 7 bankruptcy eliminates … [Read more...] about What Happens If I Declare Bankruptcy?
What Does Declaring Bankruptcy Do?
One question that people might ask when considering filing bankruptcy is, “What Does Declaring Bankruptcy Do?” Some may think of it as one of the worst things to happen financially, but knowing how to take advantage of this process may actually be a great opportunity for them to start over fresh. For people with unimaginable debt or facing foreclosure can declare bankruptcy to save their home and have the debts discharged. Both Chapter 7 and Chapter 13 bankruptcy help debtors with their … [Read more...] about What Does Declaring Bankruptcy Do?
Can You Keep Your House in Chapter 7 Bankruptcy?
While you can keep your house in chapter 7 bankruptcy in most cases, it is possible that you may lose your home. Whether or not you will lose your home depends on many factors such as if you are current on your mortgage. However, filing for Chapter 13 bankruptcy might be a better option for you if you are facing foreclosure or have significant equity in your home. Chapter 7 Bankruptcy and Keeping Your Home Chapter 7 bankruptcy is mostly for those who are looking to get a fresh start. This … [Read more...] about Can You Keep Your House in Chapter 7 Bankruptcy?