If you are in danger of losing your home, you may have wondered how you are going to get yourself through this without leaving everything that you have worked hard to obtain. If your mortgage company has threatened to foreclose on your home, you don’t have a lot of time to work with.
Before you start searching for moving boxes, set up an appointment to learn more about a Chapter 13 Bankruptcy in Indianapolis, IN. Your lawyer will bring you into his office and carefully look over your bills. At this point, he will have a better idea as to whether or not you are a candidate for a bankruptcy.
If you decide to do a chapter 13, you should be able to continue to live in your home. You will have to stay current on your mortgage payment. If you fall behind, the bankruptcy will fall through and you may end up losing your home after all.
Keep in mind, your mortgage payment is going to be a little less because your lender will have agreed to settle for a lesser amount. This will be the same with the rest of your bills. You can file a Chapter 13 Bankruptcy in Indianapolis, IN on nearly all of your debt. This way, you will make one low monthly payment to the court. At this point, they will distribute your money to your creditors.
If this sounds like something that you would be interested in learning more about, you can Contact The Wright Law Group, LLC to help you to get started with this process. They are going to represent you when it comes to your creditors. Maybe you are not familiar with the fact that when you file a bankruptcy, the phone calls from creditors will stop.
When you go to court for your bankruptcy, your attorney is going to do the majority of the speaking. The judge is going to ask you some questions and your creditors will also be invited to attend. This is something that will be over and done with in a matter of minutes and you will have the fresh start that you have been waiting for.