If you legally qualify for a Chapter 7, allowing yourself to be talked into a Chapter 13 could be both extremely expensive & risky!

Don't File Chapter 13 till you've spoken to a Chapter Seven Bankruptcy Attorney!

Did you know that approximately 70 to 90% of all Chapter 13's FAIL. That's right! Chapter 13 is so difficult to comply with, over the required 3 to 5 years it takes to fulfill, that over 2/3's of all Chapter 13's are converted into Chapter 7's. And, that's NOT GOOD. Not only does that mean that you'll pay not once but TWICE for your bankruptcy, but it also means that the trustee may start grabbing assets to sell off once you're converted to a Chapter Seven Bankruptcy. You could end up losing all control over which qualified assets you're able to exempt. (In other words, which qualified assets you'll get to keep.)

Don't let yourself get trapped in an ongoing bankruptcy nightmare. Knowledgeable bankruptcy attorneys across the U.S. have helped thousands of clients avoid the grief of filing a Chapter 13, by legally qualifying them for Chapter 7. You need to be critical when interviewing a potential attorney because there are those who will push clients who could be deemed to fall into a grey area if insufficent effort isn't put into preparing their case, into a Chapter 13 to avail themselves of the higher fees that they can charge for Chapter 13's. And, when you fail out of that, they hit you up for a Chapter 7. The bankruptcy community jokingly calls that a Chapter 20. But, we know, when it comes to your situation, being grossly overcharged for bankruptcy is NO JOKE.

Do you really believe your bank will be giving you that loan modification?

Is Your Mortgage Lender
Telling You The Truth About Your
Loan Modification?

Why do mortgage companies tell you you're being considered for a loan modification and then suddenly foreclose? Well, according to a realtor I spoke with in Temecula, (who specializes in helping banks get consumers to vacate their foreclosed properties,) it's because California law REQUIRES lenders to offer loan modification prior to foreclosing. So, yes, in many cases, what looks like a sham, really is. The bank really has no inclination to loan-modify many borrowers, so, they offer the "trial modification", collect what appears to be a lowered mortgage payment (Which actually goes to satisfy penalties & interest and is rarely deducted from the borrower's principal loan balance.) & then the bank tells the borrowers they don't qualify for a loan modification. (Those of you currently in a trial modification, check your credit report. See if your bank is showing you as paying current or not. If not, it most likely means that none of your trial or "forebearance" payments are being credited against your mortgage loan and that you may be getting manipulated by your bank.)

This banks do this, A. So during the foreclosure action, no one can try to stop the foreclosure by claiming the bank never offered the borrower a chance at loan modification. In other words, the bank is strictly going through the motions to eliminate legal obstacles and B., To extract whatever additional fees they can before lowering the boom. In effect, running most borrowers around in circles, with no intention of ever genuinely modifying. That's why paperwork appears to get lost, time after time. How is a bank who has no problem keeping paperwork organized, when qualifying prospects for a mortgage, suddenly incapable of keeping track of loan modification documents?

When it comes to acquiring a successful loan modification, there are exceptions, of course, but, they're rare, unless you've filed bankruptcy*. If you've tried modifying & it seems like your bank just keeps losing your paperwork, you may be one of those borrowers who's just being put through the motions so the bank can both fulfill its legal requirements and fleece homeowners of thousands of dollars, before foreclosure.

A good bankruptcy attorney will share examples of where clients have had remarkable success, using their bankruptcy as leverage, how the bankruptcy department at your bank may be far more keen to work with you than the "loan modification," department and more. A good bankruptcy attorney will talk about your goals & objectives and whether Chapter 7 or Chapter 13 is the best way to go. And, if you don't think keeping your house is a good idea, they'll show you how bankruptcy will tie up the loose ends, so you don't end up with unexpected lawsuits or taxes. They'll also discuss how to negotiate the best "Cash For Keys," deal and where to look for great apartments at extremely reasonable prices, where the landlords are happy to rent to you as soon as your bankruptcy has been discharged.

If you're looking for educated answers to many of your questions, you should be able to count on your bankruptcy attorney as a resource.

Bankruptcy Tip Of The Day:

If you list the credit reporting bureaus, (Equifax, Experian & TransUnion) as creditors, they'll be notified about your bankruptcy & ultimate discharge.

After your discharge, send a copy of the bankruptcy discharge notice to the credit bureaus along with a letter stating, " Here's a list of the unsecured creditors discharged in my case, which you were already notified about. If any of these creditors are continuing to report a balance due, I'm disputing the debt and am requesting that you make an inquiry."

If any of your discharged debts reappear, an attorney can then sue the creditor under the Fair Credit Report Act.

Protect Cash Assets, Houses, Cars & More. We Do It All!****

When you sit down to meet with an attorney, they'll go over all the details regarding your current debt, whatever assets you may have (Cash on hand, furniture, computers, televisions, electronic equipment, houses, cars, boats, pensions, etc.) and how best to maximize the benefits you'll experience from filing bankruptcy using all the bankruptcy exemptions available in your situation. If you are better served by debt negotiation, a good bankruptcy attorney will discuss that with you in detail. Because good bankruptcy attorneys believe in successful outcomes.

Good Bankruptcy Attorneys Get Their Client's Bankruptcies Approved By The Trustees!

Seriously, doesn't a FREE Bankruptcy Makeover Consultation sound perfect? Because, getting a stress free fresh start virtually always helps people, who are considering filing bankruptcy, feel feel better, IMMEDIATELY. Don't you deserve a stress-free bankruptcy with this potential outcome?**

Bankruptcy has exploded by over 400% in the last 3 years. In 2007, 50,004 Chapter 7 bankruptcies were filed in California alone. In 2010, the numbers are expected to skyrocket past 160,000.

Good Bankruptcy Law Firms take a highly hands-on approach with their clients. Your financial profile should be done as an interview. Some law firms will just throw a daunting 25 page booklet of confusing questions at you and make you fill them out. Ask every prospective bankruptcy attorney or paralegal you interview, how their firm handles this and gauge accordingly.

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