2019 February Colony Magazine

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More Information on Getting Debt-Free
Live Again!
1. Will you lose property if you file bankruptcy?
No. That is why you have an attorney. In preparing your
legal documents we carefully analyze the property you
own, so you can keep it, as the law allows. We don’t file
unless we know you can keep your property. Once in a
while, very rarely, someone has property that cannot be
kept in a Chapter 7 bankruptcy, so we suggest an alternative
remedy for your debt problems.
2. Will bankruptcy ruin your credit forever?
No. In most cases, bankruptcy will provide the quickest
way to good credit. Certified Financial Advisor Liz
Weston’s article “Filing for Bankruptcy May Actually
Help Credit Scores” is available from Richard Rossi.
3. Do you need an attorney?
Yes. You cannot afford not to have an attorney. An attorney
can make sure your keep your property, and give you
peace of mind.
4. Who will know you filed for bankruptcy?
Probably no one, except your creditors, unless you
disclose the fact - which many of my clients have done
because their bankruptcy provided so much relief and
peace of mind. NO DEBT- Nice.
5. Which debts are cancelled by bankruptcy?
Generally all debts, except child support and alimony,
student loans, taxes, restitution for a criminal act and debts
incurred as the result of fraud. Taxes may be cancelled if
they are old enough; this is something we discuss in your
FREE first meeting.
6. If you're married, must both of you file?
No. Oft-time the debt is only in one spouse’s name, so the
other may opt not to file and so will not have a bankruptcy
on their credit history.
7. If you‘ve been sued is it too late to file for
bankruptcy?
No. The moment you file a bankruptcy the lawsuit is
stopped (as are foreclosure sales of homes, and creditors’
calls). If a creditor has a judgment against you and is
garnishing your wages, the bankruptcy will immediately
stop it. The debt you were sued for will be cancelled in the
bankruptcy.
Religion and Bankruptcy: By Dr. Michael Russell (reprinted with permission): “In Deuteronomy 15, Moses
reveals God’s concern with perpetual or chronic debt among His people. Moses says, ‘At the end of every seven years
you shall grant a remission of debts...’ It has puzzled me over the years why Christian leaders have stressed – almost
legalistically at times – that debts have to be repaid no matter what. According to these experts (who often lack theological
training), to fail to do so is to sin and reflects spiritual bankruptcy...I reject – that conclusion. God is a God of grace;
capitalism knows nothing of grace...Christians need to recognize...the grace of God and that He is, once again, shown to
be a God of new beginnings.” (The entire article is available from Richard Rossi.)
Testimonials: “Mr. Rossi is a great advisor when it comes to Bankruptcy Law. I went for advice and he with
honesty told me all the right things to tell my creditors with out taking a cent. I would highly recommend Mr. Rossi to
anyone who needs a service like Bankruptcy as unpleasant as that sounds. I found out I did not need it after all! Thank
You Mr. Rossi!” ~ Carolyn M.
“When I finally decided to file for bankruptcy a friend recommended Mr. Rossi. After struggling just to keep up
with the interest payments on my credit cards it was such a relief to hand everything over to Rick and Debra. Rick made
sure I understood the process from start to finish. He made sure that all the collections calls stopped and he ensured that I
knew I wasn't a deadbeat for filing bankruptcy and I was able to keep my car. The entire process only took 6 months and
I only had to go to court once in Santa Barbara.” ~ Jessica H. Santa Maria
ROSSI LAW
It’s Time for a New Life
Call Richard Rossi – 541-1044 or 238-0238
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We are a debt relief agency; we help
people file for bankruptcy under the
Bankruptcy Code.
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