Bankruptcy Services

The truth about Bankruptcy

What Bankruptcy can do for you

• Wipe out credit card debt and other unsecured debts. This is precisely the kind of debt that bankruptcy is designed to eliminate.


• Stop creditor harassment and collection activities. Bankruptcy can stop creditor harassment.


• Keep your home and car. In many cases, individuals are able to keep their property.


• Stop a mortgage foreclosure. Filing for Chapter 13 bankruptcy will stop a foreclosure and force the lender to accept a plan where you make up the missed payments over time while staying current on your regular monthly payments.
  
  -- You don't have to give up any property in Chapter 13 because you use your income to fund your repayment plan.


• "Cram down" secured debts that are worth more than the property that secures them. You can sometimes use Chapter 13 to reduce a debt to the replacement value of the property securing it, then pay off that debt through your plan.


• Eliminate certain kinds of liens. A lien is a creditor's right to take some or all of your property and will survive bankruptcy unless you invoke certain procedures during your bankruptcy case.