Keep Home While Eliminating Unsecured Debt

Will I have to move out of my house? Will my family be homeless? These are the questions that people normally struggle with when they are considering filing for bankruptcy. However, there are certain types of bankruptcy filings that can help you regain your home, while eliminating unsecured debt. Speak to a Des Moines bankruptcy attorney about how you can accomplish this. An attorney at our firm can help you retain your home and eliminate debt, if that is what you wish.

How to Retain Home during a Bankruptcy

In order to retain your property during a bankruptcy, you must have certain requirements. For one thing, you have to continue making pending payments on your home, beginning soon after you file for bankruptcy. If you currently have a lot of arrears on your mortgage payment, a Chapter 13 bankruptcy can help you catch up with those areas, and make up for missed mortgage payments.

If you’re current on your payments, then you can file for Chapter 7 bankruptcy that can allow you to retain your exempt property, and eliminate all unsecured debt.

Ideally, a chapter 13 bankruptcy is considered ideal for those people who want to eliminate unsecured debt, like their credit card bills and medical bills, while retaining their property.

Fear Losing Your Home? Talk to a Bankruptcy Lawyer

The Des Moines bankruptcy attorneys at the Weaver Bankruptcy Law Firm have close to three decades of experience, helping clients retain homes, while eliminating unsecured debt, like credit card bills, and medical bills. Speak to an attorney about how you can keep your home, while erasing your debt. Call (000) 000-0000 for a consultation with a bankruptcy attorney at our firm.