What Can (and Can’t) Mortgage Servicers Do?
Chapter 13 bankruptcy is a powerful tool for those struggling with debt. It enables individuals to work out payment plans with creditors and provides many benefits including relief from harassing debt collectors, the ability to catch up on payments, and potentially saving a home from foreclosure. But what happens after Chapter 13 is paid off?
When individuals make all of their payments as outlined in their Chapter 13 repayment plan, they are eligible for a discharge from the court. This means that any remaining unsecured debt will be discharged and no longer owed – allowing filers to begin rebuilding their credit score and financial future. In addition, once the repayment period ends, filers may be able to get new lines of credit or loans at more favorable interest rates than before filing for bankruptcy protection.
The Law Offices of Omar Zambrano has helped thousands of the people and businesses in the past to get out of debt and start over.
Our goal is to help you find a fresh start FAST!
Schedule your free consultation today! By Calling 626-338-5505 or visiting us at 12738 Ramona Blvd Baldwin Park CA 91706