Archive for September 2008
What is the actual process of filing for bankruptcy and how long does it usually take to file?
When you come into the office for the free consultation, you will fill out a brief form. You will meet with an attorney and the attorney will perform a complete financial analysis. They will review your income, your monthly expenses and all of your bills. Next, if you want to proceed with the case, it…
Read MoreWhat is the difference between Chapter 7 and Chapter 13?
Our website offers a detailed section on this exact question. Please go to the home page and click on “Types of Relief”. Basically, a Chapter 7 is designed to allow you to wipe-out or eliminate your unsecured bills, such as credit cards, hospital bills, and personal loans. There are certain types of debt that can’t…
Read MoreIf I file a Chapter 7 or Chapter 13 , how will it affect my credit?
This is a very common question. We generally tell people that their credit report probably doesn’t look great right now. Filing for bankruptcy will stop the aging process. Those things that are delinquent now will never get any older than on the date that you file. Once you retain our office, our staff will show…
Read MoreI just received a letter and it says that my house is set for foreclosure in less than 2 months. Is it too late to do something to save my home?
No, it’s not too late. A Chapter 13 can stop a foreclosure up until the date that the auction on the house takes place. Chapter 13 is a very powerful law. Once the case is filed, we immediately notify the mortgage company and all foreclosure action must stop. Of course, you should come into the…
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