Bankruptcy

Bankruptcy


Rampart Law Group's Bankruptcy practice assists clients with getting an economic "fresh start." It is not uncommon for consumers to have an unmanageable amount of debt. Whether it arises from an illness or poor financial circumstances, there are a variety of programs that can provide immediate, long-term relief from a variety of creditors for a variety of debts.

Chapter 7 Bankruptcy

Rampart Law Group assists debtors in obtaining a fresh start through Chapter 7 of the Bankruptcy Code. Chapter 7 Bankruptcy is most common for individuals that cannot afford to pay back their debts, even with a payment plan. In a Chapter 7, the debtor's non-exempt assets are distributed to creditors, and all dischargeable debts are discharged, giving the debtor a fresh start.

About 4 to 7 weeks after filing the bankruptcy petition, the debtor will be required to attend a "Meeting of Creditors" where a bankruptcy trustee will ask a series of questions. Some creditors may attend, but usually this meeting lasts less than 10 minutes and creditors don't attend. A Chapter 7 bankruptcy typically takes 4 months to complete, and the debtor can get their fresh start.

Chapter 13 Bankruptcy

Rampart Law Group assists debtors in obtaining a fresh start through Chapter 13 of the Bankruptcy Code. Chapter 13 Bankruptcy is suitable for debtors that have a steady source of income and have some disposable income. In a Chapter 13, the debtor proposes a repayment plan that will last 3 to 5 years, after which any remaining dischargeable debt is discharges.

About 4 to 7 weeks after filing the bankruptcy petition, the debtor will be required to attend a "Meeting of Creditors" where a bankruptcy trustee will ask a series of questions. Some creditors may attend, and your proposed plan will be discussed. Once your plan is confirmed, you continue to make your monthly payments on time and your discharge will occur upon successful completion of your repayment plan.

Mortgage Relief and Foreclosure Prevention

Rampart Law Group assists clients with avoiding foreclosure through mortgage modification. Mortgage modification programs assist homeowners with back payments on their mortgages by adjusting the monthly payments and bringing account current. Typically, monthly payments are lowered to 31% of the homeowner's gross income, but it is possible to negotiate a lower rate. The missed payments are added to the end of the loan, bringing your account current and extending the maturity date.

For debtors who cannot avoid foreclosure through a mortgage modification, bankruptcy can provide some relief. Immediately upon filing for bankruptcy, federal law grants the filer an "automatic stay" that prevents creditors from collecting the debtor's existing debts without court approval. This means a foreclosure auction must be delayed or cancelled upon filing of the bankruptcy petition. If you are at risk of losing your home to foreclosure or you are behind on your mortgage payment, contact Rampart Law Group attorneys now.

Debt Negotiation and Settlement

Rampart Law Group attorneys assist clients with bankruptcy and non-bankruptcy methods of lowering or forgiving your debts. Whether you are behind on credit card payments or you have medical bills that you simply cannot pay off, Rampart Law Group attorneys can assist you with negotiating down your debt, setting up reasonable payment plans, or settling your debts in their entirety.


Rampart Law Group's practice includes serving as a debt relief agency. Rampart Law Group helps people file for bankruptcy relief under the Bankruptcy Code.