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Behind in Payments and Bankruptcy

Liviakis Law Firm Team

Getting behind in your payments can be a result of several things, job loss, medical bills, unexpected expenses to name a few. If you owe more money then you have assets, you are considered “upside down” in your debt. Even by selling everything you own, you still would not have enough money to pay back everything you owe.

Punitive Fees Add Up

You may be able to keep up with your debt for a while, but soon you may find yourself losing ground due to late fees and interest. When you can only afford to make the minimum payments, it seems as if the debt isn’t moving in your favor at all.

Behind in your Mortgage

If you are at risk of losing your home, by filing bankruptcy, you will receive an automatic stay preventing the lender from any legal action against you for the duration of your bankruptcy. If you choose to file Chapter 13 bankruptcy, you will obtain a court-approved repayment plan and catch up on your mortgage payments.

Behind in your Vehicle Payments

As early as one missed payment can have your vehicle lender threatening to come and get the vehicle. Since car payments are secured loans, the vehicle is the collateral and legally can be repossessed for nonpayment. If a lender takes back possession of the vehicle and sells it at auction, you may still be responsible for any money left over on the loan. If on the other hand, you file bankruptcy, the repossession process will stop giving you time to decide if you want to wipe away the car debt by giving the car up to the lender, or catching up on the payments and keeping the car with a Chapter 13 bankruptcy.

Why wait until you lose your house or your car? Contact a Sacramento bankruptcy attorney to get an automatic stay and stop any legal actions against you. Find out how you can get your credit card debt and loans wiped away and get a fresh financial start.

Our Office

Former Office
1215 K St

Sacramento, CA 95814

Phone: 916 459 2364
New Office
2377 Gold Meadow Way
#100

Gold River, CA 95670

Phone: 916 459 2364

Client Reviews

Mr. Liviakis is extremely knowledgeable and answered all of the questions that we had about our situation. He made a really difficult time manageable with his help and expertise. I would definitely recommend...

Lindsey Joyner

Mik is a great attorney. Very friendly & professional. Price is was bit high compared to other firms. Probably the highest I've seen. If price your thing, checkout other firms. Other than that, Mik will get the...

Oi Vinn

Mik helped us save our home and settle with creditors during the pandemic after we were forced to close our family business for over a year. I am forever grateful. He was kind and professional and followed up...

Jina and Steven Hale

Mr. Liviakis was timely and professional. He patiently answered questions and explained the process. He provided handouts that clearly outlined due dates. The firm's paralegal was very easy to work with. I...

Wes Pohl

I nothing but great Experiences, and great service.

Tony Boone

Positive: Professionalism, Quality, Responsiveness, Value

Linda Todd

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