Posts

Showing posts with the label Chapter 13 bankruptcy Fontana

Chapter 13 bankruptcy in Fontana

Image
  Our skilled team of bankruptcy attorneys is committed to working hard on your behalf throughout the duration of your case, despite the fact that formal bankruptcy proceedings through the court system can become complicated. Due to our extensive experience working with clients in and around the city of Fontana, we have the knowledge and professionalism necessary to effectively plan your case, assisting you in navigating through this difficult time and putting you in the best possible position to begin rebuilding your financial life. Making the decision to file for bankruptcy in order to resolve your financial troubles is a significant decision. In most cases, bankruptcy should only be considered after you've exhausted all other alternatives. While the procedure has the potential to deliver significant benefits, it also has certain unintended drawbacks. The most major negative effect is that it can negatively impact your credit for a period of seven to ten years. Moreover, it m...

Will I Be Able to Keep My Home in Chapter 13 bankruptcy Fontana?

One of the first questions, many homeowners who are contemplating filing bankruptcy ask is "Will I lose my home if I file for bankruptcy?" The answer to this question depends upon a number of factors. The first of which is, what chapter bankruptcy is contemplated i.e., Chapter 13 or Chapter 13 bankruptcy Fontana . Under a Chapter 13 bankruptcy Fontana , which is a court sanctioned repayment plan, a homeowner who is behind on his mortgage payment is given the opportunity to make monthly plan payments to save his home. Plan payments consist of the contractually agreed upon regular monthly installment payments, plus, if a homeowner is behind on his mortgage, an amount necessary to cure his arrears over the time frame established by the court approved Chapter 13 bankruptcy Fontana bankruptcy Fontana plan. Chapter 13 bankruptcy Fontana  plans can be as long as five years. Thus, a homeowner will be able stretch his arrearage payment out over this term, so long as he does not ...