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