Generally speaking, Omaha and Lincoln Chapter 7 Bankruptcy is a kind of debt liquidation. It allows you to discharge all your debts (with some exceptions) without having to pay them back. Omaha and Lincoln Chapter 7 bankruptcy can be a tremendous fresh start. The greatest thing perhaps about filing for bankruptcy in Omaha or Lincoln Nebraska with Skrupa Law Office is that it immediately stops all creditor harassment, creditor calls, lawsuits and wage garnishments. It automatically puts a stop to collection calls, garnishments, pending  court dates, foreclosure and repossessions. If you are behind in house payments and facing foreclosure however, Chapter 7 will force you to either pay the full amount of all back house payments or simply give up the house. Many people actually find this to be a good option, because when you lose the house, you lose all the ongoing responsibility that goes with it. This includes getting rid of the first mortgage, second mortgage and any delinquent property taxes. If you want to keep your house and can’t come up with the back payments, you will need to file Chapter 13 bankruptcy.

When it comes to finding debt relief in Omaha Nebraska or finding debt relief in Lincoln Nebraska, this method can be superior to Chapter 13 bankruptcy in Omaha or Lincoln Nebraska. If your debt obligation is high, it can be a relief to discahrge debts without having to pay them. Skrupa Law Office specializes in Nebraska debt relief, and can help guide you through the Chapter 7 bankruptcy and Chapter 13 bankrtupcy regardless of your status as a resident of Omaha or Lincoln Nebraska.