Services
Bankruptcy may help to:- Discharge most debts and get a fresh start.
- Stop foreclosure and catch up on mortgage payments.
- Prevent repossession or force the creditor to return property if repossession has recently occurred.
- Stop wage garnishments and creditor harassment.
- Restore or prevent termination of some utility services.
- Lower monthly payments and interest rates on some debts, such as car loans.
Most people will qualify for a Chapter 7 bankruptcy and in most cases this type of bankruptcy will wipe out all debt except taxes, domestic support, student loans, MVA fines and fraudulent transactions while allowing the debtor to retain their possessions.
Chapter 13 Bankruptcy:This type of bankruptcy is used to restructure mortgages, remove second mortgages, and reorganize tax debt with little or no interest. It is also used to restructure debt when a person makes too much money or has too many assets to qualify for Chapter 7 bankruptcy. With Chapter 13, the court will approve a repayment plan for your budget.
For a more detailed description of the bankruptcy process, Click Here.