Are you in arrears with your mortgage and credit card bills? If so, you may soon receive calls, letters and even visits from people wanting to buy your house for less, or lend you money at ridiculously high interest rates. What these people don't want you to know are your rights under the United States Bankruptcy Code.

Under Chapter 7, qualified candidates receive debt forgiveness for most debts and do not have to make any payments, on discharged debts, after their case is closed. However, secured debts, such as a car loan or mortgage, must be paid if the debtor does not want to surrender the collateral.

Chapter 11 is used by businesses, and individuals with significant liabilities, to reorganize their finances. It is an excellent program with a lot of flexibility.

Chapter 13 is like Chapter 11 and is used by individuals to reorganize their financial estate. Chapter 13 plans only last 3 to 5 years. If the Court allows, you can save your home, and your belongings, while you pay off some, or all, of your debts. Chapter 13 gives you the chance to keep your property, and deal with your debts in a responsible, acceptable and workable manner.

At Anderson and Associates, P.A. you will find caring, experienced and competent counsel that will assist you in finding a solution to your financial problems.

Don't spend another sleepless night. Call Anderson and Associates, P.A. at 407-843-9901. The initial consultation is free, so you have nothing to lose by calling.