Protect Your Assets from Repossession & Foreclosure
Foreclosure and repossession can be overwhelmingly stressful, which is why Andrew C. Marine Attorney at Law
works closely with each of his clients in order to ensure the necessary steps are being made. Bankruptcy doesn’t mean you have to give up your house, car and other assets. Call us today and start taking back your life from crippling debt, (803) 649-0875.
Foreclosure and repossession can be overwhelmingly stressful, which is why Andrew C. Marine Attorney at Law
works closely with each of his clients in order to ensure the necessary steps are being made. Bankruptcy doesn’t mean you have to give up your house, car and other assets. Call us today and start taking back your life from crippling debt, (803) 649-0875.
Foreclosure Facts
Filling for bankruptcy will stop all foreclosure proceedings
You might qualify for a loan modification
A bankruptcy specialist from a mortgage company will handle your account
Filing for bankruptcy immediately halts any foreclosure proceedings. In certain cases, filing bankruptcy may help qualify for a loan modification due to improvement of debt-to-income ratio. If you are behind on mortgage payment, Chapter 13 may be a viable way to catch payments up.
Repossession Terms
Surrender— A debtor surrenders assets to the creditor and following bankruptcy discharges the debt after auction
Pay and retain— The debtor continues to make payments and remains current, which allows you to keep the property
Reaffirmation— The debtor reaffirms the debt and makes payments in order to rebuild credit
Redemption— The debtor can pay a lump-sum equal to the market value of the property to the creditor.
Bankruptcy takes time to prepare and you may not be able to get your vehicle back if it's already been repossessed. It's important to speak with a professional attorney immediately to determine exactly what your options are.
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Content, including images, displayed on this website is protected by copyright laws. Downloading, republication, retransmission or reproduction of content on this website is strictly prohibited. Terms of Use
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Content, including images, displayed on this website is protected by copyright laws. Downloading, republication, retransmission or reproduction of content on this website is strictly prohibited. Terms of Use
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