STOP HOME FORECLOSURE

A Chapter 13 Bankruptcy will stop a foreclosure the moment it is filed with the Bankruptcy Court. It is the most efficient and reasonable way to save your home from foreclosure. A Chapter 7 Bankruptcy will buy you about 3-4 months of protection from foreclosure due to the Automatic Stay (the period where creditors cannot collect on any debt, including foreclosure.) However, a Chapter 7 is not a long-term fix for the issue at hand.

A Chapter 13 repayment plan allows you to pay back the past due arrears on the house spread out over 5 years while also keeping you current. If you fall behind on your mortgage and the mortgage company is being difficult/won’t allow any modification, Chapter 13 gives you the control to save your home. Time is of the essence when faced with a foreclosure, contact one of our Attorneys today for a free consultation.