Getting Your Head Above Water
The pressure of being in debt can be incredibly difficult. If you are behind on mortgage or car payments, you may be receiving frequent calls or threatening letters from your mortgage servicer or loan company. You may also be facing the garnishment of your paycheck by a credit card company or another creditor. If you are being threatened with the loss of your home or vehicle, or if your wages are being garnished, you need to find a solution.
In many cases, a skilled bankruptcy lawyer can help you stop foreclosure, repossession and wage garnishment. Results will depend on your situation, but you may be surprised at how life-changing bankruptcy can be if you are struggling with debt. Contact us for a free consultation.
Can Bankruptcy Prevent Foreclosure?
The fear of losing your home can be paralyzing, especially when you're doing your best to keep up with mortgage payments. Contrary to popular belief, foreclosure is a process, not an event that just happens. While that process always requires months of missed mortgage payments, laws and rules differ widely from state to state.
Unfortunately, Mississippi foreclosure laws are among the harshest in the country, favoring mortgage lenders, not homeowners, and allowing for faster foreclosures than in many other states. If you are behind on mortgage payments, getting legal advice can help you understand your options. In Mississippi, bankruptcy can help stop foreclosure in three important ways:
- Some bankruptcy filings can stop the foreclosure sale of a home — an auction sale at which the lender sells the property to help regain money to cover the mortgage debt.
- Some bankruptcies can be used to bring past-due mortgage payments current.
- In wiping out unsecured debts like credit cards and medical bills, bankruptcy can enable some people to afford their monthly house payments again.
If you are behind on your mortgage and you are even considering bankruptcy, do not delay. Contact one of our offices for a free consultation about your case.
Can Bankruptcy Help Me Keep My Vehicle — Or Get It Back?
If a creditor has repossessed your vehicle, your family and your job have likely been affected in a serious way. If a bank or loan company is threatening repossession, you are probably — and understandably — very concerned about losing a source of transportation. If your car or truck has already been repossessed, it may be possible to get it back if the creditor hasn't sold it yet, but you will probably need to act quickly. If you are worried about losing your vehicle, contact us now for advice on repossession and bankruptcy.
There are laws that limit what can be done in a repossession. A creditor cannot "breach the peace" to reclaim property, and it is illegal for someone to trespass, assault, destroy property or commit another illegal act in order to take a vehicle. If the repossessor is trespassing, breaking a lock, or the like, you have the right to tell the creditor that you object — and you may have legal recourse.
Wage Garnishment Can Be Stopped
Wage garnishment is an aggressive way of collecting money from debtors by taking money directly from their paycheck. While a person's wages can be garnished to pay child support, student loan obligations and tax debts, other creditors can seek a judgment in court to garnish your wages if you are excessively delinquent on credit card payments or other consumer debts.
A bankruptcy filing can stop the judgments that lead to garnishment — and get you your full paycheck back. It can also stop harassing collections calls and give you relief from the pressure of unaffordable debt. Contact us to discuss whether bankruptcy is a good choice for you. The consultation is free.
Take Action As Soon As Possible
If you are interested in stopping foreclosure, garnishment and repossession, or in getting credit card debt relief, contact us to discuss your options. The consultation is free, and there is no obligation to use our services. In many cases, the sooner you take action, the better.
Our Gulfport Chapter 7 bankruptcy attorneys can advise you on whether bankruptcy is right for you. Our firm has filed thousands of bankruptcies on behalf of our clients since its inception.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.