San Antonio Bankruptcy Attorney, Help
October 252010
If foreclosure is looming in your future, the quicker you file for bankruptcy the better. You won’t want to get too far past the stage where it can be too far gone. Relief is provided from probable house foreclosures through Chapter 7 bankruptcy, along with Chapter 13 bankruptcy. Chapter 7 by discharging unsecured debts, permits cash that might have been utilized to repay debts to be reassigned to mortgage repayments. San Antonio Bankruptcy Attorney can help you with these matters.
From your date of your initial filing, the procedure for Chapter 7 bankruptcy takes 4 months after which you are free of the discharged bad debts. The procedure for chapter 13 is different; there will be a period of three to five years making monthly payments according to the court approved plan. Bad debts would be discharged in a Chapter 13 after all plan monthly payments are actually made.