When you're facing foreclosure, it's very easy to feel overwhelmed with no idea of who you can turn to. We will provide you with ways to stop your foreclosure. We also accept accept walk-ins. Materials on this website are for informational purposes only. These materials do not constitute legal advice, should not be considered as legal authority, and do not create an attorney-client relationship.
You should not act or rely upon these materials without seeking professional counsel. Sending e-mail also does not establish an attorney-client relationship. An attorney-client relationship can only be established by mutual written consent with an attorney. Unless and until an attorney-client relationship is established, e-mail and other communications sent may not be privileged.
You should not act or rely upon these materials without seeking professional counsel. Sending e-mail also does not establish an attorney-client relationship. An attorney-client relationship can only be established by mutual written consent with an attorney. Unless and until an attorney-client relationship is established, e-mail and other communications sent may not be privileged.
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The bankruptcy law was written to give all individuals the opportunity to receive a fresh start. The law allows you to either eliminate all of your unsecured debt by filing Chapter 7 bankruptcy or it allows you to pay your debt over time and to catch up on your mortgage, student loans, and back taxes to reduce the interest rate that you may be paying by filing a Chapter 13 bankruptcy.
Chapter 7 is designed for individuals who are having financial difficulties and are not able to repay their debts. The filing of a Chapter 7 bankruptcy immediately stops all garnishments, harassing telephone calls, and written telephone correspondence from bill collectors. Under a Chapter 7 bankruptcy, you may retain certain exempt property and either surrender or continue to pay for property that is secured by such items as your car or house.
Chapter 13 is designed for individuals with a regular and stable source of income who are temporarily unable to pay their debts, but who desire to use their best efforts and good faith to pay their debt in installments over a period of three to five years subject to the protection afforded by the Chapter 13 rules.
Marc H. Levy - Bankruptcy Attorney may be able to stop a foreclosure on your residence. This can be accomplished in several ways. Filing a Chapter 13 bankruptcy automatically stops the foreclosure and allows you to resume your regular mortgage payments and then gives you up to five years to catch up on your past due mortgage payments.
Before you can file for bankruptcy under either Chapter 7 or Chapter 13, you must complete credit counseling with an agency approved by the United States Trustee's office. We normally refer our clients to Debt Education and Certification Foundation (DECAF) www.bkcert.com. The purpose of this counseling is to give you an idea of whether you need to file for bankruptcy or whether an informal repayment plan would get you back on your economic feet.
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