Three Secrets About Bankruptcy
Bankruptcy is often looked at as the worst possible choice a person could make to handle their debt. Many debt consolidation companies even go as far as to state that you will never establish credit or be able to purchase a home again if your file for this type of relief. This is not true. There are, however, a few secrets about the benefits of bankruptcy that everyone should know.
1. Filing for this type of debt relief can help save your home. When you enter into a Chapter 13, you will have the protection of the court from foreclosure and eviction while the court establishes a repayment plan.
2. People who file for bankruptcy can begin to reestablish credit, and purchase a home, usually within a year and a half of filing. The FHA will allow mortgages at 18 months if all your other bills are current.
3. Chapter 7 and Chapter 13 filings will help you regain control of your finances and establish a secure financial future for yourself.
If you have a question regarding Bankruptcy in Sacramento please contact us at and we can connect you with one of our experienced California Bankruptcy Attorneys . Bankruptcy Law Firm can assist you with all aspects of your bankruptcy case. If you have questions about filing a Chapter 7 bankruptcy, a Chapter 11 bankruptcy, a Chapter 13 bankruptcy, lien stripping , a cram down, stopping a foreclosure or wage garnishment, asset protection, discharging debt, etc. we can help! We have bankruptcy attorneys located throughout California and Oregon who can assist in all of these important areas. Please complete our free bankruptcy evaluation and we can quickly determine if you are a qualified candidate for bankruptcy.