In a Chapter 7 Bankruptcy case you will be able to get rid of your debts and keep your possessions. The majority of our clients file bankruptcy to get rid of their credit card debts, medical bills, and mortgage debts in the event they lost their home to foreclosure. In certain circumstances you can also get rid of IRS and State Income tax debts. Once you file for Bankruptcy protection all creditor harassment, including telephone calls to your home and work must stop immediately. In fact if a creditor contacts you or harasses you after you have filed for Bankruptcy protection, the Court will sanction that creditor. The Bankruptcy laws were changed drastically in 2005 and many people think that they cannot file for Bankruptcy Protection. Let the Law Offices of Patrick A. Meszaros review your case for free and tell you all of your options. The majority of people who need to file for Bankruptcy protection do qualify of Chapter 7 Bankruptcy.
Chapter 13 is a repayment plan that may benefit you as well. In a Chapter 13 a person or persons can save their home from foreclosure if the mortgage lender has filed for foreclosure. In a Chapter 13 the homeowner is given up to five years to repay the mortgage lender for any past due mortgage payments through their Bankruptcy repayment plan. In certain circumstances you may also be able to get rid your second mortgage and not pay your second mortgage any more in a chapter 13 Bankruptcy case. If your real estate taxes are delinquent or have been sold and you are in jeopardy of losing your home due to sold real estate taxes you can save your home through a Chapter 13 repayment plan. Even if you do not have a job and only receive social security or disability income you are still eligible to file for Chapter 13 Bankruptcy protection.
Corporate debts can be discharged in Bankruptcy as well. If you were operating a small business and the business ran into financial trouble you could file a chapter 7 and eliminate all the corporate debts. If you personally guaranteed the corporations debts you may need to file a personal bankruptcy case as well Our office will run a credit report for you. We also have a program in place that will allow you to repair your credit report and increase your score following your bankruptcy case.
Chapter 13 is a repayment plan that may benefit you as well. In a Chapter 13 a person or persons can save their home from foreclosure if the mortgage lender has filed for foreclosure. In a Chapter 13 the homeowner is given up to five years to repay the mortgage lender for any past due mortgage payments through their Bankruptcy repayment plan. In certain circumstances you may also be able to get rid your second mortgage and not pay your second mortgage any more in a chapter 13 Bankruptcy case. If your real estate taxes are delinquent or have been sold and you are in jeopardy of losing your home due to sold real estate taxes you can save your home through a Chapter 13 repayment plan. Even if you do not have a job and only receive social security or disability income you are still eligible to file for Chapter 13 Bankruptcy protection.
Corporate debts can be discharged in Bankruptcy as well. If you were operating a small business and the business ran into financial trouble you could file a chapter 7 and eliminate all the corporate debts. If you personally guaranteed the corporations debts you may need to file a personal bankruptcy case as well Our office will run a credit report for you. We also have a program in place that will allow you to repair your credit report and increase your score following your bankruptcy case.
