Consumer
Bankruptcy
Chapter 7 & Chapter 13
Consumer
Bankruptcy
Chapter 7 & Chapter 13
Filing For Bankruptcy Protection
Harassing phone calls, letters, or emails from creditors can disrupt your life and add to the illusion that there’s no way out. Fortunately, federal law provides qualified consumers with protection from creditors and a clear path to a fresh start. Generally, filing for bankruptcy protection will bring an immediate end to creditor phone calls, lawsuits, foreclosures, repossessions, and wage garnishments.
The Automatic Stay
When a debtor files a Bankruptcy case, the court orders an automatic stay that immediately prohibits most creditors from continuing any collection efforts. In short, creditors are forced to decide whether to participate in the Bankruptcy process or to forever forfeit any debt that is owed.
Stopping Home Foreclosure
An automatic stay forces mortgage lenders to suspend all collection efforts, including where foreclosure proceedings had already been initiated prior to the filing of the Bankruptcy case. If a debtor files Bankruptcy under Chapter 7, the lender must not resume with the foreclosure process without the permission of the Bankruptcy Court. Alternatively, if a debtor files under Chapter 13, the lender is required to accept whatever payment plan the Court deems to be appropriate.
Free Bankruptcy Consultations
For more than 20 years, the Bankruptcy attorneys at Risen & Ryan have been helping clients across Northwest Florida get the debt relief they need. Our firm is a designated debt relief agency, pursuant to Federal Law, and we provide free Bankruptcy consultations. Complete the Request A Free Bankruptcy Consultation form, and a member of our team will contact you as soon as possible to schedule an in-office or phone appointment that fits your schedule.
Filing For Bankruptcy Protection
Harassing phone calls, letters, or emails from creditors can disrupt your life and add to the illusion that there’s no way out. Fortunately, federal law provides qualified consumers with protection from creditors and a clear path to a fresh start. Generally, filing for bankruptcy protection will bring an immediate end to creditor phone calls, lawsuits, foreclosures, repossessions, and wage garnishments.
The Automatic Stay
When a debtor files a Bankruptcy case, the court orders an automatic stay that immediately prohibits most creditors from continuing any collection efforts. In short, creditors are forced to decide whether to participate in the Bankruptcy process or to forever forfeit any debt that is owed.
Stopping Home Foreclosure
An automatic stay forces mortgage lenders to suspend all collection efforts, including where foreclosure proceedings had already been initiated prior to the filing of the Bankruptcy case. If a debtor files Bankruptcy under Chapter 7, the lender must not resume with the foreclosure process without the permission of the Bankruptcy Court. Alternatively, if a debtor files under Chapter 13, the lender is required to accept whatever payment plan the Court deems to be appropriate.
Free Bankruptcy Consultations
For more than 20 years, the Bankruptcy attorneys at Risen & Ryan have been helping clients across Northwest Florida get the debt relief they need. Our firm is a designated debt relief agency, pursuant to Federal Law, and we provide free Bankruptcy consultations. Complete the Request A Free Bankruptcy Consultation form, and a member of our team will contact you as soon as possible to schedule an in-office or phone appointment that fits your schedule.