
Another factor to take into consideration is your home and car. If you file for bankruptcy, an automatic stay goes into effect which protects creditors from seizing your home or car even if you are a couple of payments late (provided you do not have over the legal limit of equity in each). As long as you keep current on your payments, you will be able to keep your home and car. But if you start getting behind on your payments now, there is nothing to stop your auto lender or home lender from seizing your property in the near future. After you miss three months of payments on your home, many lenders will start foreclosure proceedings immediately. If you are in that situation, it is best to file bankruptcy ASAP to protect your home and/or car.
The Alexander Bankruptcy Law Firm provides low low cost Chapter 7 and 13 personal bankruptcies. $995 Chapter 7 or $2500 Chapter 13 bankruptcies plus court filing fee. Free consultation with a compassionate attorney who will handle your case personally. Call 24/7, available to meet with you around your schedule. 602-326-9116. Conveniently located in Central Phoenix along the Camelback corridor. AlexanderBankruptcyLawFirm.com
No comments:
Post a Comment