Repossession and foreclosure are two words that strike fear in the hearts of most Californians. The thought of losing one’s home or car can be devastating. Unfortunately, because of the current state of the economy many Californians are finding that they are unable to satisfy their financial obligations. Many individuals and families have overextended their credit and depleted their bank accounts in an effort to stay afloat financially. These same individuals and families may now be considering filing for bankruptcy. Typically when people file for bankruptcy they assume that they will lose all of their belongings including their home and car. However, repossession, foreclosure and bankruptcy do not always go hand-in-hand.
Save your California Home from Foreclosure
When questions or concerns arise regarding bankruptcy, individuals may want to contact a California bankruptcy attorney. A California bankruptcy attorney can put to rest any fears individuals may have in regard to filing for bankruptcy. A California bankruptcy lawyer can explain the bankruptcy process and help individuals determine under which chapter of bankruptcy to file. A California bankruptcy lawyer can also provide individuals with information in regard to exempt and non-exempt property as well as unsecured and secured debt. For example, an attorney can help individuals discharge their unsecured credit card debt and reaffirm their secured debt, which includes things like a home and car.
Free initial consultation about helping you stop garnishment and foreclosure We accept all major credit cards and payment plans are available
There are two chapters of bankruptcy under which most individuals file: Chapter 7 and Chapter 13. Chapter 7 bankruptcy is designed to eliminate the debt an individual had accrued. Chapter 13 bankruptcy is essentially a repayment plan through which individuals can repay all or a portion of their debt. A Chapter 7 bankruptcy attorney or a Chapter 13 bankruptcy lawyer will assist individuals with their Chapter 7 or Chapter 13 bankrupt petition. Before deciding to short sale a home or signing over a deed to a mortgage lender, consult with a Chapter 7 bankruptcy attorney or a Chapter 13 bankruptcy lawyer. They will be able to help individuals understand how filing under these bankruptcy chapters can actually stop or prevent a foreclosure or repossession.
Don’t fall for a short sale or “deed in lieu” of deal
If you are searching for straight answers about how bankruptcy can stop repossession or foreclosure, please contact one of our attorneys for a free bankruptcy consultation. They can explain your bankruptcy options, and they will work diligently to protect your valuable assets. Our attorneys can help you understand how to rebuild your credit after bankruptcy, and they can help you find the relief you need from your creditors. An experienced and practiced bankruptcy attorney will be able to provide you expert legal counsel and guidance. If filing for bankruptcy is not the right avenue for you and your unique circumstances, our attorneys will help you find an alternative solution for your financial situation.
Saving your house from foreclosure may not be your best solution… Stop worrying about a car repo and harassing collections calls
Contact our offices in California, to schedule a free consultation about stopping foreclosure or repossession. We will give you straight answers that you won’t get from your lenders. We will show you ways to rebuild your credit, and what some alternatives to bankruptcy may be. Start telling creditors that you are represented by a lawyer now!