What Happens to My Loans?


What Happens to My Loans After Bankruptcy?

Car loans, student loans, mortgages and personal loans can all be a source of significant debt. When combined with medical expenses or overwhelming credit card debt, financial recovery may seem impossible. If your family is struggling because of significant debt, you can take action to explore to see whether bankruptcy is the right option for you.

We work to help our clients reduce or eliminate loan debt and get a fresh start. Call us today at 860-265-4928 or contact us by e-mail to arrange a free consultation with Attorney Susan M. Williams.

Reduce or repay your debt through bankruptcy

While typically secured debts cannot be eliminated through bankruptcy, you can explore a Chapter 13 bankruptcy option, which allows you to reorganize your debt and potentially completely eliminate your unsecured obligations or pay a percentage of them. Susan M. Williams has over 20 years of experience in bankruptcy law and can help you achieve the financial relief you need. Chapter 13 bankruptcy often allows you to protect your home and other assets while reducing your overall debt.

We will inform you of your rights and options and help you reduce or eliminate loan debts including:

  • Car loans
  • Home loans/mortgages
  • Personal loans

Cram down debts to reduce your loans

Through the bankruptcy process you may be able to reduce the balance of your car loans to the fair market value of the car. For example, if you purchased a car and your outstanding debt is $10,000 but the fair market value is only $5000, you may be able to reduce the amount you are liable for on the car. Contact us today to see if you are eligible for this option.

We take pride in providing our clients with the personal attention they deserve. If you live in Massachusetts or Connecticut, call Susan M. Williams in Enfield, Connecticut at 860-265-4928 or contact us by e-mail, to schedule a free consultation with our lawyer.

Free consultations · Easily accessible from Route 91, off Route 5

We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.

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