Cedar Key, FL Bankruptcy Law Firms & Lawyers

To intentionally reduce your income immediately prior to filing a bankruptcy, with the promise of real employment later would be considered a bankruptcy fraud by most courts and subject to severe criminal penalties.

The short answer is that most people who own a house, and are behind on their mortgage payments, and file a Chapter 7 bankruptcy, end up keeping their house.? They have to keep up with the mortgage payments afterward, or the lender will foreclose and take the property away.? But usually they get the debt discharged by the Bankruptcy Court, so the lender cannot get any money out of the debtor, just the house. Obviously that's a broad generalization.? You should make an appointment to speak with a local bankruptcy attorney often they will give you a 30-minute consultation for free and take with you your deed, your vehicle registrations, your last two years' tax returns, last two or three pay stubs, most recent statements / invoices / demand letters from everyone you owe money to, a list of your assets, and a list of your ordinary monthly expenses.? The attorney should be able to size up your situation and give you an answer whether bankruptcy will help you, what to expect, and how much it will cost.