Stop a foreclosure
get caught up on your mortgage
If you are behind on your mortgage or faced with foreclosure, filing a Bankruptcy is your right to stop a foreclosure and get caught up
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Are you facing foreclosure in Elizabethton, Johnson City, Kingsport, Bristol or surrounding areas?
If you are in Elizabethton, Johnson City, Kingsport or surrounding areas, I can help you come up with a plan to keep your house. In Tennessee, the creditor has the right to foreclose if you have defaulted on your mortgage. They are not required to go through a judicial proceeding and can foreclose after giving you notice and publicizing the foreclosure sale.
Act quickly if you have received notice of a pending foreclosure sale. Filing a Chapter 13 Bankruptcy in Tennessee is your right to get caught up on the mortgage and keep your house. Set a free consultation with an affordable bankruptcy lawyer in your area if you need bankruptcy help.
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Cisowski Law Bankruptcy and Debt Relief Options
Cisowski Law offers different types of bankruptcy and different debt relief options depending on your situation. There are two primary types of bankruptcy available for consumers, these are known as Chapters of bankruptcy based on the chapters they appear in the Federal Bankruptcy Code. The different chapters will give you different results and will be better depending on the individual.
A Chapter 7 Bankruptcy is a personal bankruptcy and elimination of debts. If you qualify to declare and file chapter 7 bankruptcy you can keep most or all of your assets including cars and home and eliminate most or all of your debts. In Tennessee most of your assets are exempt from reach of your creditors.
A Chapter 13 Bankruptcy is a repayment plan that allows you to stop foreclosures, recover lost vehicles and modify your debt so it works for your budget. Filing Chapter 13 is a powerful form of debt consolidation that bind creditors. You can restructure your debt and get better terms on car loans, furniture loans, and unsecured debts.
Bankruptcy Quick Basics
A Chapter 7 Bankruptcy is a total discharge of your debts. If you are eligible you can keep most or all of your assets including cars and home and get rid of most or all of your debts. The Discharge will relieve you of any personal obligation of the debt. You will be protected from the Bankruptcy court’s discharge order. If a creditor tries to collect after your Chapter 7 Bankruptcy, they can be heavily penalized. In Elizabethton, you file your Chapter 7 Bankruptcy in Greeneville. A bankruptcy attorney in Elizabethton will be able to prepare your Chapter 7 and file your forms and represent you in Greeneville.
A Chapter 13 Bankruptcy is a repayment plan for debtors with regular income. This means that if you have income and debts, then a Chapter 13 will get you back on track by binding your creditors to a plan of repaying your debts over the course of 3 or 5 years. After you pay a portion of your debts through your plan you receive your bankruptcy discharge. In Elizabethton, you file your Chapter 13 in Greeneville and pay your plan through a trustee in Knoxville. Cisowski Law is a bankruptcy attorney near Elizabethton and can help file your Chapter 13.
The automatic stay is an automatic court order entered when a debtor files bankruptcy. The order states clearly that any attempts to a collect a debt are suspended. If a creditor violates the automatic stay they are subject to penalties. The Automatic Stay is very powerful. It can stop lawsuits, garnishments, repossessions, and foreclosures.
The bankruptcy discharge is a court order that releases a debtor from any debt obligation. It is the ultimate goal for filing a Chapter 7 or Chapter 13 bankruptcy. The creditor will be violating the discharge and subject to punishment if they attempt to collect a debt after the debtor receives a discharge.
In 2005 Congress enacted a law requiring individuals who file Bankruptcy to take a credit counseling course before filing and a course in financial management after filing but before receiving a discharge.
Filing bankruptcy in Elizabethton requires you to fill out your bankruptcy forms and submit the to the Bankruptcy Court in Greeneville. There are a number of procedural requirements for filing Chapter 7 or Chapter 13. Cisowski Law is a bankruptcy attorney in Elizabethton and can assist you with filing your bankruptcy case.