HOW CAN A CHAPTER 13 BANKRUPTCY HELP YOU?
STOP MORTGAGE FORECLOSURES
Get behind in your mortgage payments and you will soon be in the situation that thousands of other Americans have faced since the end of the "subprime loan boom." First comes the notice of default, and then the foreclosure sale that takes your house. If you have enough income that you can continue to make the normal payments on your home and make up the payments you missed, the Bankruptcy Court will give you the protection you need to get current on your house payments over a 3 to 5 year period. You can even carry on with a loan modification during the process!
ELIMINATE SECOND MORTGAGES
If the fair market value of your home is less than the amount you owe on your first mortgage, a Chapter 13 Bankruptcy gives you the chance to absolutely ELIMINATE ANY SECOND LIENS YOU MAY HAVE ON YOUR HOME! While you are getting current on your first mortgage under the protection of the Bankruptcy Court, you can also strip the second lien on your home, thus ensuring that you will be able to make your monthly payments, keep your home and not have to face the nowadays all too common situation of watching your home sold at auction for a far too small price.
REDUCE CREDIT CARD AND OTHER UNSECURED DEBT
A Chapter 13 Bankruptcy is a repayment plan. It is not intended to completely eliminate unsecured debt as a Chapter 7 Bankruptcy is, but since the amount you pay monthly over the period of your repayment plan is limited to your disposable income, only the amount remaining after your secured creditors (like your first mortgage) are paid is available to unsecured creditors like credit card companies. As a result, most of your credit card debts are settled for a tiny percentage of the actual debt, and at the end of your repayment plan those debts are completely settled as well.
Keep your house and do not let financial problems control your life.
Contact us to find out what course of action is best for you!
Law Offices of
John A. Comerfordo add text.
Welcome to the
This website is for advertising purposes only and is not intended as legal advice. For your protection see a lawyer experienced in the area relevant to your needs for advice before taking any action in legal matters.
Copyright © 2009 Law Offices of John A. Comerford
Chapter 13 BANKRUPTCY
Stop Mortgage Foreclosures
Eliminate Second Mortgages
Reduce Credit Card and Other Unsecured Debt
KEEP YOUR HOME AND PAY BACK DEBTS OVER TIME!
1-877-481-2627
Experienced, Affordable, Dependable - We get the job done right!
