Location:
8898 Old Lee Hwy
Suite 106
Ooltewah, TN 37363
Email: april@aprilrandlelaw.com
Phone: 423-521-8000
Fax: 423-521-8001
Clear The Fog Of Uncertainty Surrounding Bankruptcy
& Foreclosure
Many people resist bankruptcy far longer than they should because they are afraid of losing their homes or other property. What they don’t know is that bankruptcy is often the best route to keeping a home out of foreclosure.
Buy Time And Increase Your Financial Options
Although Chapter 7 and Chapter 13 bankruptcies resolve debt issues differently, they share two important advantages.
After declaring bankruptcy, many people can either have their debts forgiven within a three-month period (Chapter 7) or they can repay their debts through a court-approved debt restructuring plan (Chapter 13) over three to five years. Either way, your debt load will be lightened and it is likely that you will have more income available for your everyday living expenses.
By declaring bankruptcy, you may actually have more financial options to pay for life’s essentials.
In Too Deep? Consider Lien Stripping For
Double Or Triple Mortgages.
Through a Chapter 13 process, you may be able to remove the second or third mortgage from your home in a process informally called “lien stripping.”
If the balance of your first mortgage exceeds the value of your home, your second (or third) mortgage is devoid of equity. Because of this, second and third mortgages can be considered unsecured debt and will be treated like a credit card to be repaid at zero percent interest and perhaps less than the full amount that is owed.
Contact Me For A Consultation To
Discuss Foreclosure Prevention
Many people fear bankruptcy, but those fears are usually unfounded. You owe it to yourself to get the correct information from an experienced and dedicated southeast Tennessee bankruptcy attorney who can help you resolve your foreclosure concerns. For more information, contact me online or at 423-521-8000.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.
-Office: 8898 Old Lee Hwy, Suite 106, Ooltewah, TN 37363
-Mailing:
P.O. Box 814, Ooltewah, TN 37363
-Email:
April@AprilRandleLaw.com
-Phone: 423-521-8000
-Fax:
423-521-8001
Law Office of April Perry Randle, PLLC.
(All Rights Reserved.)