BOTELHO LAW GROUP

Chapter 13 bankruptcy is an incredible tool for saving your home from foreclosure. Using chapter 13 bankruptcy you can stop a foreclosure sale, if you file prior to the sale happening, and Chapter 13 bankruptcy will give you 3 to 5 years to pay back your past due balance, while at the same time forcing the banks to take your monthly payment, if they head stop doing so. You can also use chapter 7 bankruptcy to stop a foreclosure sale, but if you are behind in your mortgage payments, you will lose your house, unless you convert your Chapter 7 bankruptcy to a chapter 13 bankruptcy.

Once you obtain your green card, you will be on a two-year probationary period. After the end of this two-year period, you must file the USCIS Form I-751, Petition to Remove Conditions on Residence. When to have remove these conditions, you will now have a permanent Green Card, which must be renewed every 10 years. This can be done, with no issues, as long as you have not committed any crimes of moral turpitude. Depending if you obtained your green card through marriage or through another method, will determine how fast you can obtain your citizenship. If you obtained your green card through marriage, then after three years you made you file your application for citizenship, USCIS N-400. If you did not obtain your green card through marriage, you must wait five years before filing your application for citizenship.

Chapter 7 Bankruptcy, is a form of bankruptcy to help consumers get out from under cripling debt. If you are living pay check to pay check and know the next big problem will ruin you financially, you should consider filing Chpater 7 Bankrutcy. If you can only pay the minimum on your credit cards and have maxxed them out, you should consider filing CHapter 7 Bankruptcy. If you have credit card companies calling you because of late payments, it's time to consider filing Chapter 7 Bankruptcy.

Now that you've determined that you need to file bankruptcy, your next question is when is the best time to file bankruptcy. This is both a short-term question and a long-term question. The short-term question depends on what time of the year, generally you want to be careful not to file bankruptcy when you're going to receive a sizable tax refund. Usually I recommend my clients get their tax refund, use the money to pay for their bankruptcy filing and to make any required repairs to their home or automobile. Now for the long term question. This was the simple one to answer, do it as soon as possible. If you're in a situation where you're making minimum monthly payments on your credit card or other bills, and you know you're going to eventually have to file bankruptcy, filing sooner is better than later. The reason is very simple, every dollar that you spend towards the debt that you in the future will be discharging to bankruptcy, is a dollar reform right out the window.