Bankruptcy Law

Declaring bankruptcy is something that no family or business every plans on happening. But if you’re in a situation where you’ve been considering filing for bankruptcy or you’re not sure if it’s the right option or not, it’s best to be informed. We understand your position and want to educate you on all of your possible options and plans of action. Only then will we move forward and help you move towards a debt free future.

How Do You Know If Filing For Bankruptcy Is Right For You?

Bankruptcy is an effective solution for foreclosure prevention since it stops it dead in its tracks. After you have filed for a bankruptcy petition, you are protected against debt collectors, including your mortgage lender by the federal law. Foreclosure is seen as a collection activity, and so the day your lender finds out that you have filed for bankruptcy, the process of foreclosure will be frozen.

Bankruptcy gives you more time to think and offer emotional relief so you can efficiently replace your lost job or recover monetarily from a financial disability. However, keep in mind that it doesn’t let you off the hook completely – you still need to pay your debts. The law calls for you and your lender along with other creditors to mutually come up with a reasonable payment plan so you can bounce back easily.

There are a few different types of  bankruptcy filings available, including:

• Chapter 7 – Complete liquidation.
• Chapter 11 – Reorganization
• Chapter 13 – Debt adjustment of a person through regular income.

A reputable foreclosure law firm will work to make sure that the ideal option is chosen in your case for optimum results.

What Is The Process Like And How Long Does It Take?

When it comes to foreclosure prevention, hiring a foreclosure attorney early on helps ensure that you have more options available to you later in the foreclosure process. The right law firm will get down t business right away and begin contacting lenders on your behalf so you don’t have to deal with the hassle. In addition to that, your attorney will file bankruptcy on your behalf, take care of the paperwork, guide you through the entire process and also discuss representation in court.

The process typically takes 2 to 4 months depending on the situation you are dealing with.

Free Bankruptcy Attorney Consultation

At Rojhani Law Group, we realize how overwhelming and emotionally draining foreclosure can be, which is why we sit down with our clients and work closely with them to meet their needs precisely. We genuinely care and empathize with you.

Get in touch with us today and take advantage of our FREE bankruptcy consultation to get started.