Skrupa law logo

Chapter 7 bankruptcy

Generally speaking, Chapter 7 Bankruptcy is a kind of debt liquidation. It allows you to discharge all your debts (with some exceptions) without having to pay them back. Chapter 7 bankruptcy can be a tremendous fresh start. The greatest thing perhaps about filing for bankruptcy is that it immediately stops all creditor harassment, creditor calls, lawsuits and wage garnishments. It automatically puts a stop to collection calls, garnishments, pending  court dates, foreclosure and repossessions. If you are behind in house payments and facing foreclosure however, Chapter 7 will force you to either pay the full amount of all back house payments or simply give up the house. Many people actually find this to be a good option, because when you lose the house, you lose all the ongoing responsibility that goes with it. This includes getting rid of the first mortgage, second mortgage and any delinquent property taxes. If you want to keep your house and can’t come up with the back payments, you will need to file Chapter 13 bankruptcy.

FOUR WAYS TO GET RELIEF

Regardless of listed office hours, feel free to call/contact
either location any time between 8AM-5PM Monday-Friday

Call now:
402-571-2900 

Set your own discreet appointment online now! No need
to speak to anyone yet.