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August 2016 Archives

Saving your home with Chapter 13 bankruptcy

Many people in Washington D.C. and across the nation continue to struggle to make ends meet. Staying on top of all of the medical expenses, mortgage payments, credit card bills and other types of debt can be extremely overwhelming. At Ammerman & Goldberg Bankruptcy Law Office, we understand that people may not be able to continue making their mortgage payments while dealing with all of the other debt that has accumulated in their lives. While people who file for Chapter 7 run the risk of losing their homes through liquidation bankruptcy, Chapter 13 enables people to stop foreclosure and keep their homes.

Washington D.C. worst place for student debt

When Washington D.C. residents wish to obtain a higher degree, they may apply for student loans in order to fund their educational endeavors. While some people are able to pay off their student loans in a reasonable amount of time, there are others who simply cannot make their loan payments. Soon the student loans turn to debt, and some graduates may find it difficult to pay off this large sum of money.

Reaffirmation agreements and Chapter 7 bankruptcy

When filing for Chapter 7 bankruptcy in Washington D.C., people are able to discharge a number of debts to help free them from their heavy financial burden. During the process, people may choose to relinquish the payments on certain loans, and as a result, risk losing the property that they are paying for. For example, people who file for Chapter 7 and fail to make their auto loan payments may have their car repossessed. However, they will no longer be responsible for their monthly car expense. In some cases, debtors may decide to reaffirm the auto loan, continue making payments and keep their automobile.  

Can a short sale save you from foreclosure?

If you are caught in a situation where a foreclosure on your home seems inevitable, you may want to look at all of your options before making the decision to walk away from your home. There are alternatives when it comes to gaining freedom from your home and from the financial burden it can have on your life. Depending on the circumstances surrounding your case, you may be eligible for a short sale in Washington D.C., which could help both you and the bank recover quicker than traditional foreclosure.

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Washington, DC 20005
Phone: 202-559-1428

10512 Pohick Court,
Fairfax Station, VA 22039
Phone: 703-550-7030

6926 Seven Locks Road,
Cabin John, MD 20818
Phone: 301-890-4500

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