Charlotte Harbor, FL Bankruptcy Law Firms & Lawyers

Bankruptcy will discharge the underlying debt you owe, but the lien against your property would remain unless you are able to avoid it (remove) in a Chapter 13 or Chapter 11 case.  You can avoid voluntary liens if the value of the property is less than the amount of any senior liens against the property.  

Before filing for bankruptcy relief, you need to know whether it is the right step for you to take. Simply drowning in debt is not enough. You need to consult an expert to advise you whether you qualify for bankruptcy relief, under what chapter, and how to protect your assets during the process. A responsible attorney will put your needs ahead of his or her own and give you a candid evaluation of your case and even tell you if you need to stay away from bankruptcy in your particular situation.

Bankruptcy will take care of all credit card debt. If your payments are small enough that you can handle them and still pay all your ongoing expenses, you can make payments. This will take years and you'll pay high interest rates. Credit counseling companies that promise that you can pay only a small percentage of your credit cards are usually a ripoff, you'll make high payments and your debt will never go down.