Last updated 1 year ago
Though you may want to pay off your debts outright, circumstances beyond your control may eliminate that as an option. In that case, bankruptcy may be your only choice.
In this short video, Certified Public Accountant Jerrie Guthrey discusses bankruptcy. After going over a few of the alternatives to bankruptcy, she briefly discusses the basics of chapter 7 and 13 bankruptcies and how they can affect your finances.
If you’re in a tough financial situation and are considering filing for bankruptcy, contact Sandberg Law Firm. Our friendly and knowledgeable attorneys will give you the assistance you need to complete the bankruptcy process and get on with your life. For more information, call our office at (678) 733-9836.
Last updated 1 year ago
Getting laid off or suffering a terrible injury can quickly put you in a financial bind. In addition to missing credit card payments, you may fall far enough behind in your home mortgage payments that your lender begins the foreclosure process. Luckily, a good bankruptcy lawyer can be a great help during this process. Here’s how:
Though foreclosure seems like an official and unchangeable process, there are many ways an experienced bankruptcy attorney can help you find ways around it. Despite common perception, lenders don’t stand to gain much from foreclosure—that’s why they’re surprisingly receptive to alternatives and compromises. Once your attorney explains the situation to your lender, you may be able to decide on an alternative resolution.
When faced with foreclosure, it’s imperative that you tread very carefully. In addition to losing your home, your lender may sue you for your unpaid loan amount. Fortunately, a lawyer can help you explore options such as handing over the deed, getting help from the government, and others. If you’re not able to save your home, a good lawyer will at least give you advice that will help you emerge from the process in decent financial standing.
When you file chapter 7 bankruptcy, you may be able to delay the foreclosure for several months, giving you a chance to save up money and find a new place to live. Chapter 13 bankruptcy can help you avoid foreclosure altogether by giving you the opportunity to reorganize your debts. Though it may seem stressful to juggle foreclosure and bankruptcy at once, you’ll find that a skilled lawyer can lead you through.
If you fear that you may soon be faced with foreclosure, contact Sandberg Law Firm. Don’t wait until the last minute to call for help—let our knowledgeable attorneys assist you during this tough time. To learn how to get started, call our office at (678) 733-9836.
Last updated 1 year ago
Are you interested in filing for bankruptcy? What can you expect if you restructure your debts with Chapter 13 bankruptcy? If you’re interested in more information on debts that bankruptcy can resolve or how monthly payments for Chapter 13 bankruptcy are determined, then check out some of these great resources.
• Learn more about Chapter 13 bankruptcy with this link from USCourts.gov.
• Which debts are non-exempt when it comes to Chapter 7 bankruptcy? Find out with this overview from nolo.com.
• Check out this link from Bankruptcy.FindLaw.com for more information on how the means test determines monthly payments for bankruptcy.
• How are monthly payments for Chapter 13 bankruptcy calculated? Visit this FilingForBankruptcyOnline.com article for more information.
• This article from Bankruptcy.Lawyers.com provides an overview on Chapter 13 bankruptcy.
For more information on our services, give Sandberg Law Firm LLC a call at (678) 733-9836 today!
