Many homeowners who are dealing with overwhelming debt or uncooperative creditors should seriously consider bankruptcy. The Federal government has ensured every person’s right to take advantage of the bankruptcy laws when necessary and appropriate. Bankruptcy can be a powerful tool for you if your mortgage lender (and other creditors) are refusing to cooperate.
For many of our clients, bankruptcy is perhaps the only way to reduce the pressure they’re feeling now. As experienced bankruptcy attorneys, we have helped clients in many circumstances:
- Maybe you’ve been out of work for months or even more than a year.
- Maybe you were used to living on two incomes and now you’re down to one.
- Maybe you started a business when things were going well and now you find you can’t keep it going.
- Maybe you have invested in an income-producing property that isn’t rented.
Bankruptcy can eliminate debts (called a discharge), allow you to keep certain assets such as your cars or home, and give you the fresh start that you need. In some instances, bankruptcy can completely eliminate a second mortgage, leaving you with only the first mortgage to worry about.
We are a federally designated Debt Relief Agency. Contact our offices to discuss these options in further detail as they apply to you. Call us today at (818) 476-0107 with any question, or complete the easy form.