Saving Your Home And CarSaving Your Home And Car

Our Attorneys Can Help Save Your Home And Car

If you are being threatened with foreclosure or repossession, you should consider filing for bankruptcy. Many people are concerned that a bankruptcy might mean losing property - but in many cases, a bankruptcy can actually save a house or car from being lost. The fate of your house and/or car during bankruptcy depends on your circumstances and the choices you make. It is vital to get a lawyer who can give you the right advice and then fight to make your wishes a reality.

Act Quickly By Filing Bankruptcy

Our lawyers can help you in an emergency filing situation, but time is of the essence. We can also often get your car back if you lost it recently. In general, there is no end of work we can do on your case, and it is vital to call for at least a consultation before things get out of hand. Talk with a bankruptcy attorney in your community to ask them about the best option for your situation.

Behind on House and Car Payments?

Chapter 13 bankruptcy is designed for people who regular income but cannot keep up with their house or car payments or have considerable tax debt. You will have to contribute a portion of your paycheck toward your debts for 3-5 years. You can then eliminate unsecured debt interest-free. Under a Chapter 13 bankruptcy wage earner’s plan, you will not have to liquidate as many assets as you might under a Chapter 7. Under some state laws, you get to keep your house and a car for each adult of driving age.

Current on House and Car Payments? Chapter 7 Bankruptcy Can Help

If you are current on your house and car payments, but have other overwhelming debts, you are better off with a Chapter 7. Chapter 7 bankruptcies are designed for people who simply do not make enough money to pay credit card bills, medical bills, or other expenses. Some people who undergo a Chapter 7 have to sell off their unexempt assets to pay some of their debts. Once this is done, the debts are discharged, and then they can make a fresh start. But if you are current on your payments, you are much less likely to lose them.

Talk With us About Saving Your Home And Car

Call us any time and find out how our attorneys can help you keep your house or car. We can perform emergency same day filings. You may also get a free bankruptcy evaluation to help determine what you are entitled to.