Articles Tagged with unsecured debts

Bankruptcy Lawyer Bryan W. Stone answers the question: “Does Bankruptcy stop foreclosure?”

Many people who are experiencing financial trouble have difficulty keeping up with many of their monthly obligations, including their mortgage payments. When a homeowner gets sufficiently behind on his or her mortgage, the mortgage lender may pursue foreclosure, which is the legal process through which a piece of real estate is repossessed. Once repossessed, the property is generally sold at auction so that the lender can mitigate the losses it has incurred. Fortunately for homeowners, there are often many ways in which filing for bankruptcy can help them keep their homes and lower their total monthly debt burden. For specific advice regarding your situation, call one of our highly experienced Charlotte bankruptcy attorneys today.

Bankruptcy Lawyer Bryan W. Stone answers the question: “What are my alternatives to bankruptcy?”

Filing for bankruptcy protection can be a tremendous relief for many people. Bankruptcy protection can stop the harassing phone calls and give you peace of mind. It also gives you hope of moving forward with a clean slate and a way to put a crushing debt burden behind you. Though this works well for many people, there are plenty of others who may not benefit from bankruptcy protection or may not be able to take advantage of bankruptcy protection given time restrictions. To learn more about instances where it may make sense not to file for bankruptcy, keep reading.