Bankruptcy Law

The firm represents debtors in personal and business bankruptcies:

Are you a good bankruptcy candidate?

If you have both secured (real estate) and unsecured (credit cards) and you can not afford to keep up with all of your payments, you may qualify to file Chapter 7 or Chapter 13 (reorganization) protection under the Bankruptcy Code.  If you want to keep your home in Chapter 13 (reorganization) cases if the appraised value of your home is below the combined loan values, other than the 1st mortgages (senior lien), other mortgages, such as the 2nd or 3rd (junior liens) could through additional motion and order through he bankruptcy court, lose their "security" interest in their "lien" and become unsecured liens which would get treated as all other unsecured liens under the chapter 13 repayment plan and essentially can often get wiped off.