Finding a Fresh Financial Path With Bankruptcy
When you are unable to pay your monthly bills and find yourself dodging creditor calls, it can add a great amount of stress to your life. You likely have questions about different debt relief options, and you need answers from an attorney who will provide an honest assessment of your financial situation. At our law firm, we here to help you find the debt relief you need.
We are The Law Offices of Sean Patrick Cox, PLLC, and we represent people in bankruptcy matters throughout the state of Michigan. Our attorney has more than 16 years of experience assisting individuals, and he takes an asserting and direct approach when handling bankruptcy matters. He will take time to listen to your concerns and answer questions about your financial matters.
How Can I Prevent Foreclosure?
For many individuals, the best way to prevent home foreclosure is through bankruptcy. Other debt relief solutions can include loan modification programs and short sales, which are likely not in your best interest. Creditors are not required to participate in modification programs, and those programs often have a lengthy waiting time from the time in which you apply. All creditors are required to participate in a bankruptcy, and you will get relief almost instantly. Here's how bankruptcy can help:
- Chapter 7 and foreclosure: In a Chapter 7, you can keep your home if your payments are current. This means you must be caught up on all your arrearages.
- Chapter 13 and foreclosure: Chapter 13 is a repayment plan that allows you time to catch up on your house payments over a period of time. You do not have to be current with your payments when you file this type of bankruptcy, and interests and penalties stop accruing once you file the petition.
Contact a Michigan Short Sale Lawyer
When clients come to our firm, we make certain they understand all available debt relief options so they have the information they need to make informed decisions. Contact us today at 269-205-6510 or 616-723-9365 to schedule a free initial consultation with Sean Patrick Cox — an experienced Grand Rapids foreclosure prevention lawyer.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.
