You most certainly can file for bankruptcy without your spouse.
Yes we can usually stop foreclosure. There always exceptions to the rule but we are typically able to stop foreclosure the day before a sale date.
Whether you qualify depends on your circumstances. Qualifying for bankruptcy isn’t a “one-size-fits-all” analysis. It’s important to speak to the experienced attorneys at Vokshori Law Group to assess your eligibility as well as whether you stand to benefit from bankruptcy.
Credit card debt can be elimitated through the bankruptcy process, whether it’s through Chapter 7 or Chapter 13.
Qualifying for bankruptcy is contingent on a number of variables such as your income, the extent of your debt, whether you filed for bankruptcy in the past and other variables. It’s important to consult the experienced attorneys at Vokshori Law Group to assess whether you’re qualified.
Qualifying for bankruptcy is contingent on a number of variables such as your income, the extent of your debt, whether you filed for bankruptcy in the past and other variables. It’s important to consult the experienced attorneys at Vokshori Law Group to assess whether you’re qualified.
Foreclosures often begin when a borrower falls behind on his or her mortgage payments. The loan then becomes delinquent and the homeowner goes into default. This default status continues for about 90 days and during this time, the lender will attempt to get in touch with the borrower to see whether or not the default can be cured. If the borrower is unable to pay, after 3 months, the bank can officially set a date for the auction of the home. If this happens, the borrower will be notified through a Notice of Trustee Sale which is typically sent via certified mail and often posted on the front door of the property in question. After the Notice of Sale has been received, the bank is able to set a date for auction, but will need to wait at least 20 days after the Notice of Sale has been sent to the homeowner. The majority of California foreclosures are non-judicial, which means that the bank does not have to go through a court to foreclose.
Although many servicers have different guidelines, most will review a file for a loan modification while in an active bankruptcy. The criteria would be the same as those who are applying for a modification and not in bankruptcy; however, the difference is that, if approved, court permission would be necessary to complete the process.
Transferring property isn’t a method of avoiding bankruptcy. Your creditors have ample methods of collecting from you, even if you transfer your assets.
There are various ways to deal with one’s creditors without going through the bankruptcy process. One can consolidate their debt, but in that situation a new debt is incurred to service existing debt. Another option is to negotiate with creditors for a settled amount, but that approach may result in tax consequences for the forgiven debt and may require having substantial monies available to pay off settled claims.
You can file for bankruptcy with representation by counsel, like the attorneys at Vokshori Law Group, assistance from a bankruptcy petition preparer or through doing it completely on your own. Bankruptcy is very complicated and doing it on your own or through the assistance of a bankruptcy petition preparer who isn’t legally authorized or qualified to provide you legal advice can lead to very serious and costly problems.
Bankruptcies generally vary in length. A chapter can typically range from 90-120 days whereas a Chapter 13 bankruptcy can last anywhere from 3-5 years.
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