Bankruptcy Attorneys: Monrovia, CA Homeowners Can Get Help
You Have the Money But Can't Get Caught Up
For those homeowners who have an income but they are unable to get caught up on their late mortgages, there could be help with bankruptcy attorneys. Monrovia, CA homeowners can turn to an attorney and find out if they qualify for Chapter 13 bankruptcy. Here, you do not lose your home or any of your assets. Your debts are reorganized, though, to make them easier for you to repay. As a result, you may be able to work out new terms with your lender or have some flexibility in getting your home payments caught up. Find out if this can help in your situation.
You Can't Pay
In some situations, it is not possible for individuals to get their debts caught up. You may have lost your job or you may no longer want to stay in the home with the value falling so quickly. When this is the case, consider turning to one of the lawyers Monrovia, CA offers that focus on Chapter 7 bankruptcy. This type of bankruptcy allows you to wipe your slate clean. You will lose your home and, sometimes, other assets you own, but you no longer have to try to make those payments or deal with creditors. For those who need a fresh start, this may be the best route to take.
Finding Help
For those who are unsure what they should be doing, make your first step a consultation with bankruptcy attorneys. Monrovia, CA attorneys will meet with you to discuss your situation. They will give you tips and guidance on what your options really are. Not everyone will qualify for all forms of bankruptcy. Some may find that filing could actually help them to repay their credit and their financial future sooner than trying to make minimum payments for the next ten years and getting nowhere.
Making the decision to file is a big one and one that does have long-term consequences. Talk to the bankruptcy attorneys Monrovia, CA has to learn what these professionals can provide to you. It can also help to just know what your options are at this point. For many people, filing could mean improving your financial future for years to come but you will not know that until you talk to one of the lawyers Monrovia, CA has that specializes in bankruptcy.