Q: "I am behind on my mortgage payments and I want to keep my house. I have a regular job, but my debt is too much to sustain."
A: You can probably save your house with a Chapter 13 filing. Each case is unique and requires individual attention. 651-704-9600.
Q: "I owe a bunch of money on my house - more than it's worth, I can't make the payments anymore. What are the repercussions of this?"
A: In Minnesota, most mortgage holders bring judicial foreclosures, which mean that they cannot obtain a deficiency judgment, like one would with a car. It takes about six months for the creditor to complete its action that results in a Sheriff's sale at the courthouse. The creditor usually bids in with its interest and gets the property. If the property is your homestead, you have six months to leave after the sheriff's sale. The practical result is that you can live in your house for one year without making any payments. This can be a significant boost to people. Each case is unique and requires individual attention. 651-704-9600.
Q: "What happens to my credit?
A: It's like being 18 years old all over again. You need to build your credit. However, you have no debt. Most people find that they are able to rebuild their credit. Many people who have filed bankruptcy have gone on to be very successful. Most people are improved by invoking this right given to them under the laws and Constitution of the United States. Each case is unique and requires individual attention. 651-704-9600.
Q: "Can I keep my house?"
A: The short answer is that if you make a regular income and you can make your monthly payment, then you probably can. Each case requires individual attention. Consult an attorney about Bankruptcy. 651-704-9600.
Q: "Can I be discriminated against for filing bankruptcy?"
A: Federal Law prohibits this, except one's credit score is affected.
There are many bankruptcy laws and each person's case is different. Call for a consultation with an attorney. 651-704-9600.
DEBT RELIEF AGENCY
