Equity is neither created nor destroyed,
it only changes hands.
Equity returned to the Homeowner
Material Evidence of Violations against State and Federal Banking Regulations
Constructive Fraud committed by the Lender
(increased by the power of two investigations which reveal the Facts)
Filing for bankruptcy puts into effect an automatic stay, which stops creditors from trying to collect
any debt from you. The automatic stay immediately stops creditor phone calls, collection letters, wage
garnishments, lawsuits, bank levies, and all other types of harassment, intimidation and scare tactics
Once a bankruptcy case is successfully completed, the consumer receives discharge information from
the Bankruptcy Court. A Discharge is a legal release from debts. Creditors are left with no legal cause
to contact you or pursue debts listed in the bankruptcy documents.
There are two common ways for the typical consumer to file for bankruptcy, Chapter 7 and Chapter
13. Chapter 7 is the most common type of bankruptcy. It allows a consumer to discharge debts
completely through a relatively short process. Chapter 13 is a federal debt consolidation plan which
allows you to rearrange your financial affairs and repay just a portion of your debts. In most cases,
the idea is to allow you time to get back on your feet.
The bankruptcy discharge eliminates your personal liability for the mortgage, but it does not disturb
the lien. Thus, after bankruptcy, you cannot keep the Real Estate and the lender still has
its rights in the property, including the right to foreclose since bankruptcy is a breach of the
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