find bankruptcy attorney
What kind of Attorney should I talk to? I need to decide between Bankruptcy or Foreclosure?
My husband died last month and I lost his Social Security Disability. I am going to lose the house. My pay was cut last year by 10 percent due to the economy. I owe twice as much as the house is worth. Lender won’t modify the loan enough to help (plus I have a second Mortgage). I can’t short sale…. I want to talk to an attorney about whether it would be best to file bankruptcy or go into foreclosure. Both have long term ramifications and I don’t want any surprises. I need to talk to an attorney, but how do I find one and what kind?
~~So sorry to for your loss.
Ask around if you want a referral. However you can look under the yellow pages or through Yahoo’s yellow pages and find any who specialize in Bankruptcy. They will advise you on all your options. We just spoke with one yesterday and I am very pleased with the options we have. We are in a similar predicament with our own home. Due to the horrible economy, my husband has to close his businesses. Therefore we are looking at our options to.
From what I learned yesterday, if you know you can’t keep your home (financially) chapter 7 is your best option. However, chapter 13 may work for you too, and can give you a hope of greatly reducing your loan amount on your home. It’s a 5 year program which is very difficult, but is another option. Consultations are free, so find out what will work best for you. Best of luck in the impossible difficult times!~~
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The Foreclosure Survival Guide: Keep Your House or Walk Away With Money in Your Pocket $7.68 Facing foreclosure? Know your options! Foreclosures climbed a record 81% in 2008, with over 860,000 families losing their homes. In 2009, an additional 3 million foreclosures are predicted as temporary postponements end and homeowners are increasingly incapable of paying the mortgage during this brutal recession. If you’re having trouble making your mortgage payments or are already in jeopardy o… |
