Bankruptcy Might Be the Right Option for You
When you have fallen into debt, you might think your situation is hopeless. As your bills pile up and you fall further and further behind, it can begin to feel as though you have no options. But the fact is, you do.
If you’re having trouble paying your bills, bankruptcy could provide the protection you need. Federal law affords you the right to file for bankruptcy protection, which offers you immediate relief from any debt collection proceeding, including foreclosure.
Trust Our Team at Gateway Bankruptcy Group
The way in which you deal with your debt will depend upon a number of factors, including the amount of debt, your assets, your income, and your overall financial health. If you’re looking for answers, call Gateway Bankruptcy Group. We’ll help you sort out your situation so you can decide which course of action is right for you.
Bankruptcy is a tool by which you can manage and even eliminate your debt. In a Chapter 13
Bankruptcy, your home won’t be subject to liquidation. The team at Gateway Bankruptcy Group will work with you to find the answers you need to help you discharge your debts and move on with your life. Call us today for more information.
Example: How Chapter 13 Bankruptcy Can Stop Foreclosure:
Your mortgage company has just filed a foreclosure on your home because you have failed to make payments for the past 6 months. You're now $7,000 in arrears. Under Chapter 13 Bankruptcy, you can cure the default over a reasonable time and reinstate the original mortgage. However, while curing the arrearage through the plan, you must continue to make all current payments that come due. In other words, you can stop the foreclosure by paying an extra $150 per month plus the current mortgage payment. Upon completion, you will have reinstated the mortgage through your Chapter 13 Plan.
Call us today for a FREE consultation, and learn how we can help you stop foreclosure.
618-622-3330
We can help to stop wage garnishments and repossessions.
What's Best For You?
We can also help you decide what's best for you between Chapter 7 and Chapter 13
Bankruptcy protection.