Oklahoma City Attorney Fighting Foreclosure And Repossession
Every client in my office is my most important client. Contact The Law Offices of Randy Lee Bumgarner now at 1-405-557-7800 for friendly, personalized legal services.
Are you so far behind on your mortgage payments that you have been threatened with foreclosure? Have creditors contacted you about repossessing your property?
Filing bankruptcy forces creditors to stop any action against you. I can help you determine if this is the best way for you to overcome your debt problem. With three decades of experience on my side, you can be confident that the guidance I provide is guidance that makes sense.
Foreclosure Alternatives: Chapter 7 And Chapter 13 Bankruptcy
There are two types of bankruptcy protection that can be used to stop foreclosure and repossession: Chapter 7 bankruptcy and Chapter 13 bankruptcy.
Chapter 7 involves a certain amount of asset liquidation in order to completely eliminate most debts. Chapter 13 involves creating a reasonable and reduced payment plan to pay off your debts over the course of a few years. I will work with you to determine which path makes the most sense in your case.
When It Comes To Your Property, You Have Three Choices
The first choice is obvious. You can simply relinquish your property to your creditors. This makes sense for certain property for some people. Of course, this doesn’t make sense for people who want to stop foreclosure or repossession.
The second choice is to reaffirm the debt. This means that you must continue to make scheduled payments. To stop foreclosure, this often makes the most sense.
The third choice is to redeem the property. You can make a one-time payment of the value of the property. This can work well for home appliances and cars.
I Will Be With You From Start To Finish
Bankruptcy is a process. You have the right to expect that your attorney will stand by your side through every step of the process.
I have built my reputation by being there for people in Oklahoma City and statewide. You are important to me. You can count on me.
For more information or to schedule an appointment with an experienced lawyer regarding how to stop foreclosure and repossession, please contact me today.
The Law Offices of Randy Lee Bumgarner is a debt relief agency, helping people file for bankruptcy under the Bankruptcy Code.