Avoid Bankruptcy
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Does bankruptcy look like your only alternative to foreclosure?
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Is your mortgage in major default?
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Are you worried about having a foreclosure and/or bankruptcy on your credit report for the next 10 years?
Predatory lending practices have trapped unsuspecting people in a stranglehold of debt.
Recent changes in the law have put bankruptcy out of reach for many.
There is a way out!
Our loss mitigation programs provide an alternative to bankrupcty and are designed to achieve one or more of the following:
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stop of a foreclosure
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reduce your mortgage interest rate
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reduce mortgage payments
Every situation is unique. Our debt analysts will do a comprehensive assessment of your situation and present you with real solutions.
If you are looking for a realistic and long term solution to your financial problems CLICK HERE.
Definitions
Chapter 7 of the Bankruptcy Code is available to both individual and business debtors. Its purpose is to achieve a fair distribution to creditors of the debtor’s available non-exempt property. Unsecured debts not reaffirmed are discharged, providing a fresh financial start.
Chapter 11 of the Bankruptcy Code is available for both business and consumer debtors. Its purpose is to rehabilitate a business as a going concern or reorganize an individual’s finances through a court-approved reorganization plan.
Chapter 12 of the Bankruptcy Code is designed to give special debt relief to a family farmer with regular income from farming.
Chapter 13 of the Bankruptcy Code is available for an individual with regular income whose debts do not exceed specific amounts; it is typically used to budget some of the debtor’s future earnings under a plan through which unsecured creditors are paid in whole or in part.
*Definitions from Bankruptcy Overview: Issues, Law and Policy, by the American Bankruptcy Institute.
Click here to learn more about the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005
Click here to learn more about predatory lending pratices in the United States.
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