Tag Archives: foreclosure

Stop Foreclosure

How would you like to stop foreclosure?  keep your home, get rid of your 2nd mortgage forever, control or even eliminate other debts, and save thousands or hundreds of thousands of dollars? Hello, I’m Gary Fraley. I founded Fraley & Fraley, Sacramento Bankruptcy Attorneys in 1978. I’m in my 34th year of practicing bankruptcy law. […]

Chapter 7 Bankruptcy & Chapter 13 Bankruptcy Compared

    QUESTIONS CHAPTER 7 BANKRUPTCY CHAPTER 13 BANKRUPTCY Qualification to file a case: Individuals & married couples who pass the “means test” or whose debts are primarily business related, corporations or partnerships can file Chapter 7 bankruptcy. Married or unmarried Individuals, people who cannot qualify for Chapter 7 bankruptcy and people who own businesses […]

What is Chapter 13 Bankruptcy?

What is Chapter 13 Bankruptcy? Chapter 13 Bankruptcy is a method of reorganizing your debts over 3 to 5 years. You pay a fixed payment each month to a Chapter 13 Trustee who, in turn deducts a Bankruptcy Court approved 5%-10% fee for his/her services. Then the Trustee makes a payment to all the creditors […]

What is Chapter 7 Bankruptcy?

Chapter 7 Bankruptcy is the most common type of Bankruptcy. It is designed to wipe out most debts, protect your home and possessions from being taken to pay those debts. Here is some of the history of the basic concept of forgiveness of debt that was the basis for our present Chapter 7 Bankruptcy laws. […]