Bankruptcy is about starting over. It is about ending the debt collector calls and putting the credit burden behind you. I am here to help you get sufficient information to me so I may properly advise you concerning bankruptcy issues and if it is right for you. If consumer/credit card debt has you buried, if creditors are calling at all hours, if you have been threatened with lawsuits and other collection activities, if the IRS is making demands on you which you feel is impossible to meet, you will find comprehensive information here to help you.
I am here to help consumers and businesses alike with credit, debt, Chapter 7 Straight Bankruptcy, Chapter 11 Reorganization of a business, Chapter 12 Adjustment of Debts of a Family Farmer or Rancher, and Chapter 13 Wage Earner Bankruptcy.
Feel no shame, do not feel guilty – credit card companies are making billions off of 21%+ credit cards. Americans are taught from early on to want and consume goods and services. Then life events get turned around. Bad times come. Loss of job, business, or spouse can cause you to lose financial control. This is not your fault.
Bankruptcy is about starting over. Larry Vick is about helping you get started again. I Can Help Stop: Creditor Harassment, Foreclosure, Repossession, IRS Collections, Lawsuits And More.
Chapter 13 is the “wage earner” bankruptcy. It is also available to small uncorporated businesses owned and operated by individuals. If you have regular income and a desire to pay your debts, (or a portion of them) but currently are unable to do so, you may be able to propose and carry out a repayment plan under which creditors are paid over an extended period of time under court supervision and protection. It is possible that you could have a five year period to adjust your debts in this way while creditors are prohibited from starting or continuing collection efforts.
Any individual is eligible for Chapter 13 relief as long as the individual’s unsecured debts and secured debts are less than certain amounts. Contact a qualified attorney to determine if this chapter is right for you.
Next to your Liberty, Dignity and Self Respect, the prospect of losing your home, the home that you worked so hard for and filled with so many memories, the threat of Foreclosure to most people represents a catastrophe of an unbelievable magnitude.
Unfortunately for residents of Texas the process is brutally efficient! When your lender, many times arbitrarily, decides that it is in their best interest to forcibly sell your home they merely have to give you twenty one (21) days notice and then proceed to auction your home on the steps of the County Court House on the first Tuesday of the month. They are not interested in the fact that you may or may not have established significant equity, they just want their money. In many cases the lender will bid on the property themselves and end up owning your home! So much for the American dream!
To add insult to injury, if you do not stop the foreclosure process, the Internal Revenue Service (IRS) requires all lenders to report all foreclosures on form 1099, the miscellaneous income report. You might be required to report income from the forgiveness of debt. And, if the sale of your home does not exceed the amount of money remaining on your loan, your lender is entitled to seek a deficiency judgment against you! The deficiency judgment can stay on public record for ten (10) years, and maybe more.
I can stop the foreclosure process if you act in time! By providing the necessary information to me, I will be able to give your financial concerns and problems immediate attention.
To find out more information on each type of bankruptcy, visit this page.