Chapter 7 Was Designed to Eliminate Debt

Chapter 7 bankruptcy has given people complete discharges (elimination) of unsecured debt.

Unsecured debt is a defined as debt not tied to property, such as:

• Credit Card Debt
• Medical Bills
• Payday Loans
• Utility Bills
• Parking Tickets, and more

This type of bankruptcy also may be able to stop repossession and creditor harassment. Talk to DANIEL R. ROBISON, P.C. about your options.

KEEPING YOUR HOUSE

Many new homeowners got caught in the trap of Negative Amortization Loans, Adjustable Rate Mortgages, or other types of high risk loans.  This has been compounded by the current economic situation, has led to people being foreclosed upon in record numbers.  In most cases, we can delay foreclosure, allowing you time to find alternative housing situations.  Through Chapter 13, you may be able to catch up arrearage payments while maintaining your house payment, without the threat of losing your home.  And of course, you have the option of walking away without further obligation.

KEEPING YOUR CAR

Have you started getting the calls threatening repossession.  Garage your car where possible, and give DANIEL R. ROBISON, P.C. a call.  In Chapter 7, after filing bankruptcy, you will need to bring your car payments current to keep the auto.  You may, however, find the answer you are looking for through filing Chapter 13.  In either chapter, however, there are ways of keeping most automobiles.  And of course, you have the option of walking away without further obligation.