Many people are finding themselves in difficult financial situations today. Fortunately, personal bankruptcy provides debt relief and adjustment and can help with foreclosure proceedings.
Chapter 7 Bankruptcy
Chapter 7 bankruptcy helps everyday people get out of crushing debt through liquidation. It permits you to keep some of your assets and discharges debt from credit cards and medical bills. If you own a home, Chapter 7 bankruptcy may give you the opportunity to delay, or Â?stayÂ?, the foreclosure. When you file for Chapter 7, the court prohibits creditors from foreclosing on your home for a limited time.
Chapter 13 Bankruptcy
Chapter 13 bankruptcy lets you make payments on your debt before the debt is discharged. If you own a home, it permits you to repay your late payments while you continue to pay your current mortgage payments.
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(We are a debt relief agency. We help people find debt relief under the bankruptcy code.)