Before filing for bankruptcy, it is important to consider all of the variables and factors that may come into play when you eventually decide to file. In this regard, it is critical that you consider your two main options when it comes to bankruptcy: Chapter 7 bankruptcy and Chapter 13 bankruptcy. If one of the most important things to you during this process is saving your home, then you may want to consider filing for Chapter 13 bankruptcy. Although Chapter 7 bankruptcy does not guarantee you will lose your house, you are much more likely to keep your home through the Chapter 13 bankruptcy process. Because Chapter 13 bankruptcy does not immediately discharge all of your debts, utilizing a repayment plan to pay off your creditors in a more organized manner, your home will not be subjected to be sold as part of discharging your debt. Reach out to our law office today to learn more about your bankruptcy options and how Chapter 13 bankruptcy can go a long way toward saving your home.

Will I Be Able to Save Other Property Through Chapter 13 Bankruptcy?

Depending on your situation, you may be able to “cram down” your loan debts, such as car and other real estate investments, into the property’s current worth. For example, if you own a vehicle that is worth $10,000 but the loan balance on it is $15,000, you can reduce what you owe down to what the car is worth. It is then added to the rest of your secured debts and can be paid off collectively over time through your repayment plan. To maximize the efficiency of your Chapter 13 bankruptcy, seek the help of a skilled lawyer handling chapter 13 cases today.

How Can a Lawyer Help Me Save My Home?

By working with you on an effective repayment plan that you can actually afford, a Loveland bankruptcy attorney can help you save your home. Utilizing years of experience, our team of legal professionals can give you the resources and legal advice you need to come out of your bankruptcy with the results you deserve.

What Makes an Effective Chapter 13 Bankruptcy Lawyer?

While bankruptcy may still have a stigma against it through the public eye, more and more people around the country are utilizing Chapter 13 bankruptcy to give themselves a fresh financial start. Call Holland Law Office today at 970-232-3097 for a free consultation for your potential Chapter 13 bankruptcy case and let us take the stress off of your shoulders.