Foreclosures and creditor harassment often motivate many people into filing for Orange County CA bankruptcy. Whether filing for chapter 7 personal bankruptcy or chapter 13 personal bankruptcy, you must consult and hire a bankruptcy lawyer who knows the in’s and out’s of Orange County CA bankruptcy laws. They can help with your Orange County CA bankruptcy and, perhaps more importantly, your peace of mind.
The foreclosure process starts with a Notice of Default. This notice begins a 90 day time period in which you may take action to prevent the foreclosure. Once this 90 day time period has expired, you will receive a Notice of Trustee Salem, which gives you another three weeks, or 21 days, to prevent the foreclosure.
At any point during these time periods, you can file for bankruptcy. Filing for bankruptcy automatically stops the foreclosure process. Once the trustee sales has occurred though, you cannot file bankruptcy to get property back.
Filing bankruptcy can also help with creditor harassment. Financial plight can be stressful enough, but then some creditors simply do not know where to draw the line. However, filing for bankruptcy provides several ways to end any creditor harassment.
Once you have filed for bankruptcy, a notice is sent to your creditors. An automatic stay also goes into effect. This halts any collection activity for as long as that stay is in place. Afterward, all creditors can only deal or communicate with you through your bankruptcy lawyer.
Bankruptcy can also help you deal with car payments and other debts, though it cannot wipe all of your debts. For example, you will still have to pay alimony and child support. Also, you will need to stay up to date on your mortgage and car payments in order to keep your home and car. Obviously, you will have to learn to budget better.
For experienced, knowledgeable and trustworthy bankruptcy assistance, contact the attorneys from www.legalhelpers.com. Call toll-free 800-260-1402 today for your initial free consultation or come into one of their 100 offices across the country.
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