How might this office help someone having difficulty paying their debts.
If you have debt that you are having trouble repaying, this office can discuss with you your bankruptcy and non-bankruptcy options.
How might a bankruptcy initially help?
The filing of a bankruptcy case imposes an automatic order requiring your creditors to cease all efforts to collect your debts without the court’s permission, whether your debts are unsecured or secured. This order, commonly referred to as the “automatic stay,” is often useful when seeking to stop a foreclosure sale or a collection lawsuit.
How might a bankruptcy help you with your unsecured debts?
The filing of a chapter 7 bankruptcy case may allow you to discharge your personal liability for your unsecured debts.
How might a bankruptcy help you if you have a secured loan, such as a home mortgage loan, that you are having difficulty paying?
The filing of a chapter 13 bankruptcy case may allow you to keep your home provided you can support a repayment plan approved by the court.
Can a bankruptcy help me if a creditor has sued me and recorded an attachment or judgment lien against my home?
A bankruptcy filing may allow you to remove such lien to the extent if it interferes with the equity in your home.
The above questions are just a few of the ones that commonly arise in personal bankruptcy matters. If you would like to learn more about your bankruptcy and non-bankruptcy options with respect to your debts, please feel free to contact Attorney John Davis with this office.