If your debt has got out of your control and your home is
going into foreclosure. You should seek
the advice of a bankruptcy lawyer if you are thinking of filing for bankruptcy.
Chapter 13 bankruptcy can be used to save your home.
When filing Chapter 13 bankruptcy, your assets are
fully protected. You don’t have to worry about losing your car or home. In
fact, there is no need to worry about losing anything. Any unsecured debt that
you have can be completely eliminated. The only thing you will have to pay for
are any secured loans that you have; however, on the bright side, your payments
on such loans can be lowered to an amount that you can afford.
When you file for Chapter 13 bankruptcy, the following
will stop immediately:
- Tax collection
- Lawsuits
- Tax penalties
- Harassment from creditors
- Bank levies
- Evictions
- Tax interest
- Wage garnishments
- Foreclosures
No comments:
Post a Comment