No doubt, filing bankruptcy will be one of the hardest decisions you will ever make. I tell my clients who are struggling financially to look down the road 3-5 years and if they see their finances not improving substantially either by way of a large increase in income or an inheritance, then its probably time to get a fresh start now. You could wait another 3-5 years, but why struggle for that long when you can start now and be debt free in 3-5 years.
Chapter 13 allows you to repay your mortgage arrears and keep your home. With a Chapter 13, you must file a Plan with the Court which proposes to pay your creditors, including your mortgage arrears. The amount you are required to pay is determined by several factors including your income, ability to pay and the result of a Court mandated "means test". Chapter 13 allows you to keep all of your property as long as you continue to make your monthly payments set forth in your Chapter 13 Plan. Chapter 13 repayment plans are usually 3 - 5 years, but no longer than 5 years.
We know how to help you and will give you the personal attention your case needs to put you on the right track. Call and schedule an appointment to talk to Bruce W. White. He will be able to advise you whether or not bankruptcy can resolve your financial problems. If bankruptcy is not an appropriate answer, he can and will advise you of other options which may be available to you, such as a credit counseling agency, a debt settlement company or other possible solutions.
Contact: Bruce W. White
Address7130 Glen Forest Drive,