At the Law Office of Jeff D. Hoffman, we focus exclusively on LOAN MODIFICATION and BANKRUPTCY LAW.

Solutions

Chapter 7 Bankruptcy

Chapter 7 Bankruptcy eliminates all credit card debt and debts from doctor and/or medical bills.

As of 2005, you are not allowed to file a Chapter 7 petition if your income is too high compared to your reasonable living expenses, so this is not for everyone. Also, a Chapter 7 filing will not save your house from foreclosure or your car from repossession.

Chapter 13 Bankruptcy

Chapter 13 Bankruptcy is generally for people who are behind on their house and/or car payments because of high credit card, doctor, and/or medical bills.

In order to save your house, you make your normal monthly payments, plus monthly payments to the court to make up any past due amounts.  The payment plan will be between three and five years.  At the end of the repayment period, you no longer have to pay for any remaining unsecured debt (such as credit cards, doctor, and medical bills). 

In order to save your car, you begin making monthly payments to the court that cover your normal payments and your past due amount.

By law, all actions against a debtor, such as lawsuits, wage garnishment, and harassing phone calls demanding payment must stop once the Bankruptcy documents are filed with the Trustee.


Rebuilding Credit

We can show you how to begin repairing your credit within months.

Loan Modification

Loan modification is generally for people who have fallen behind on their house payments and can no longer afford them at their current amount. This can be due to many different reasons, such as a variable interest rate, a subprime loan, or the death of a spouse or other significant wage earner. 

In the current tumultuous financial climate, we find that lenders are increasingly more willing to work with us to help borrowers save their homes and automobiles.

Under new California laws and President Obama's HOMEOWNER AFFORDABILITY and STABILITY PLAN, homeowners now have more leverage to reduce their principal and to obtain loan modifications.

With loan modification, we can also often reduce the amounts owed on credit card debt.

We will earnestly negotiate on your behalf to reduce these payments in order to get you back into a monthly budget plan you can afford.

Call the Law Office of Jeff D. Hoffman today at (510) 451-0290 to make an appointment for a free consultation.