Are you struggling with overwhelming debt and looking for a way out? Do you want to keep your home, your car, and your peace of mind? If so, you are not alone. Millions of Americans face financial hardship every year, and many of them turn to bankruptcy as a solution. Bankruptcy is a legal process that allows you to eliminate or restructure your debts under the protection of the federal court. Mudrick & Zucker is here to assist you through the bankruptcy/foreclosure defense process so you can keep your home and move on with your life. Contact a dedicated Montgomery County bankruptcy lawyer from our firm today.
Facing the prospect of having to file for bankruptcy is a daunting process, but the truth is that many people simply look at it the wrong way. For most people, bankruptcy is an incredibly useful tool to help them get their finances back on track, and, most importantly, remain in their homes and keep the majority of their assets. Whether you’re a struggling business owner or an individual with seemingly insurmountable debt, bankruptcy, or alternative means of foreclosure defense, can provide you with the peace of mind you deserve. A knowledgeable and skilled bankruptcy lawyer from Mudrick & Zucker is here to guide you through each step of the process.
This is the most common form of bankruptcy for individuals. It allows you to wipe out most of your unsecured debts, such as credit cards, medical bills, and personal loans. However, you may have to give up some of your assets to pay back some of your creditors. To qualify for Chapter 7, you must pass a means test that compares your income and expenses with the state median. Chapter 7 bankruptcy will stay on your credit report for 10 years. If you think you may qualify for Chapter 7 bankruptcy or you’re interested in learning more about it, simply speak with a Montgomery County bankruptcy lawyer from Mudrick & Zucker today.
Chapter 13 bankruptcy allows you to keep your property and pay back some or all of your debts over a period of three to five years. During the course of the process, you and your attorney will propose a repayment plan that shows how much you can afford to pay each month to your creditors. This plan must be approved by the court and your creditors.
Additionally, to complete the Chapter 13 bankruptcy process, you will have to attend credit counseling and continue to make all your payments on time. Chapter 13 bankruptcy is a good option if you have a steady income, a large amount of secured debt, or a home that you want to save from foreclosure. Chapter 13 bankruptcy will typically stay on your credit report for seven years.
Student loan debt is one of the most burdensome types of debt in the United States. For many people, paying off their student loans can take decades and have a significant impact on their financial stability. Fortunately, however, the U.S. Department of Education recently announced a new policy that makes it easier for borrowers to discharge their student loans through bankruptcy. This policy aims to provide relief for those who have no realistic hope of repaying their loans and who meet certain criteria. If you are considering filing for bankruptcy and want to know if you qualify for student loan discharge, simply reach out to Mudrick & Zucker for guidance.
If you are considering filing for bankruptcy of any kind, you need an experienced and compassionate attorney who can guide you through the process and protect your rights and interests. At Mudrick & Zucker, we have helped countless clients achieve debt relief and financial freedom through bankruptcy. We can help you determine which type of bankruptcy is best for you, prepare and file all the necessary paperwork, represent you in court and negotiations with creditors, and assist you with rebuilding your credit after bankruptcy.
Mudrick & Zucker proudly offers foreclosure defense services for homeowners who are facing the loss of their homes due to missed mortgage payments. We can help you stop or delay the foreclosure process by negotiating with your lender, applying for a loan modification or forbearance, filing for bankruptcy, or pursuing other legal options. We understand how stressful the prospect of foreclosure can be, which is why we will do everything in our power to fight for your right to remain in your home.
The bottom line is that anyone facing financial turmoil shouldn’t feel cornered and alone. There is help available. Fortunately, if you’re reading this, you’ve come to the right place. Contact a dedicated Montgomery County bankruptcy lawyer from Mudrick & Zucker today so you can tell us your story and so we can get started working on your case.