What Will Happen to Your Home and Car When You File Bankruptcy?
Planning Your Bankruptcy When You Have a Mortgage or Auto Loan
If you are considering filing bankruptcy, you may be wondering what will happen to your home and car when you file. At Gingold & Gingold LLC, we address these types of concerns for our clients every day. While every case is unique, some major points to consider include:
- If you want to keep your home and car, you will have to continue paying for them. Often, filing Chapter 7 bankruptcy helps our clients stay current with their mortgage and car payments because they have wiped out other debts. If you are already behind on your house or car payments, filing Chapter 13 bankruptcy will help you get caught up.
- If you do not want to keep your home or car, you can discharge (wipe out) your mortgage or auto loan in a Chapter 7 or Chapter 13 bankruptcy.
Our experienced attorneys — Ira D. Gingold, who has been a bankruptcy lawyer since 1971 and Court-appointed Bankruptcy Trustee from 1971-2013, and Jamie L. Gingold, who has been practicing bankruptcy, business and real estate law since 2001 — can help you identify your goals and then come up with strategies to accomplish those goals using the bankruptcy laws.
Experienced Bankruptcy Attorneys · Atlanta, Woodstock, Dallas, Cumming
If you are concerned about what will happen to your house or vehicle if you file bankruptcy, do not hesitate to contact us at (404) 685-8800 or by e-mail to schedule a free initial consultation with one of our experienced Georgia bankruptcy lawyers.