Wilmington Bankruptcy Lawyer

Bankruptcy Help in Wilmington

Many individuals are facing financial hardships currently as they deal with the recession and the loss of jobs, reduction in work hours, or simply other life issues such as divorce or medical bills. When you can no longer meet your financial obligations, getting help from a compassionate Wilmington bankruptcy lawyer to advise you on your legal options is the right choice to make. At Billion Law, our firm works closely with clients to help them through this difficult time by providing them with information and alternatives. There is no reason to continue feeling worried and stressed about your debt when there is something positive that can be done about it.

Our firm has the goal of helping our clients through this trying time by helping them understand the laws of bankruptcy and how they can benefit from using them to either discharge their unsecured debt or develop a repayment plan. Whether you choose a "straight" Chapter 7 bankruptcy or choose to reorganize your debt under a Chapter 13 payment plan, a skilled lawyer at our offices can help you experience all of the benefits that bankruptcy has to offer. For example, once you file your petition, all debt collection activity against you must cease. This includes all contact from creditors, collection lawsuits, wage garnishment, levies, liens and repossession. It even includes foreclosure. Finally, you can get the breathing room you need to restructure your finances and eliminate your debt once and for all - under the protection of the bankruptcy court.

Practice Areas: Bankruptcy & Foreclosure

Not only does our wilmington bankruptcy lawyer firm handle bankruptcy proceedings for our clients, but we are experienced in foreclosure defense. We can help you with a loan modification or can talk to you about filing Chapter 13 if you want to save your home and can also help you with a short sale or deed in lieu if you would like to keep a foreclosure off your credit report. If you have been subjected to creditor harassment or abusive debt collection practices, we can assert your rights under the Fair Debt Collection Practices Act. Our goal is to protect the rights of homeowners, debtors and borrowers throughout Wilmington.

This site also contains a great deal of helpful information about topics related to our debt relief practice, including bankruptcy exemptions (what property you can keep when you file), what happens when you file, how long it will take to eliminate your debt, common bankruptcy myths, what the automatic stay does, how the means test works, and how to face life after bankruptcy. You can even find out how to address secured debt and back taxes through bankruptcy. We can review the potential advantages that Chapter 7 may have to offer or the benefits of Chapter 13 to help you make the right choice.

Avoiding Foreclosure
If your family is facing threats of foreclosure, you are in an extremely difficult situation. You may feel as though you do not have anywhere to turn, however, by contacting a member of our team, we could help you find a solution that will benefit you. If you have fallen behind on mortgage payments, foreclosure could drastically affect your credit score. By discharging your debt in other ways, your financial situation could be helped. For example, a loan modification may be a good option for you. By availing of this tool, you could change your monthly repayments to an amount that better suits your budget. Not only that, but your interest rate could be lowered and even your overall principal owed. Another way to avoid foreclosure is a deed in lieu. A deed in lieu of foreclosure allows you to hand over the deed of your home to your creditor and then they consider the debt repaid, even if your home is worth less than what you owe.

Contact a Bankruptcy Attorney in Wilmington

When facing foreclosure, wage garnishment, lawsuits or harassing creditors, get someone on your side who has the legal know-how to fight for your rights. You don't have to feel as if you have no options. There are many available routes to take that will resolve a pending foreclosure and can stop creditor harassment and wage garnishments immediately. By retaining our firm, creditors will no longer be able to contact you and can turn to us for a response to their demands. By working carefully with you to develop a legal strategy you are comfortable with, we can begin to resolve your debt situation and get you back on firm financial footing.

Many people think bankruptcy is bad or not the right choice for them, but they have little information on how it works. State and federal laws were established to protect people like you from creditors and it is a legal means of effectively resolving debt problems and helping you turn your life around. Call our office today to learn more about bankruptcy and your options to finding a debt free future. Our firm is highly practiced in bankruptcy law and has already helped dozens of families throughout the area file for bankruptcy. Don't delay in finding out more about the bankruptcy process with our free initial consultation. We care about our clients and are here to help!

Contact a Wilmington bankruptcy attorney at our firm for helpresolving your financial situation.