Foreclosure Trial Lawyer
We can all experience tough financial times in our lives. Some of those can even result in scary situations where we receive threatening calls from debt collectors because we’re behind on our mortgage.
Just because you’re in a tough financial spot doesn’t mean you deserve to receive these calls. It also doesn’t mean you should be forced out of your home.
Debt Collector Harassment
When you owe a debt, some debt collectors will take extreme measures to get their money from you. Some will try to embarrass you by calling your employer, your friends, your family, even your neighbors. These practices are all against the law.
When you’re behind on your mortgage payments, you know you owe the debt. You don’t deserve these threatening calls. But you have options.
Bankruptcy Options
When it comes to bankruptcy, you have options. If you have the ability to repay some debts and want to keep some of your assets, Chapter 13 might be the right option for you. Under Chapter 13 bankruptcy, you and the bankruptcy trustee enter into a three to five-year payment plan where you repay debts over that time.
This immediately stops any foreclosure action from the bank and any threatening phone calls. Most importantly, this also keeps you and your family in your home.
On the other hand, if you don’t have the ability to repay or don’t want to keep your assets, then Chapter 7 might be the right path for you. But Chapter 7 makes it more challenging to keep your home. If you are not current on your mortgage, it’s generally difficult to keep your home under a Chapter 7 bankruptcy filing.
No matter which bankruptcy option you choose, working together with a skilled bankruptcy attorney will ensure you receive accurate and friendly service. They are here to help you get your fresh start and will help you determine which path is the right one to take for your specific situation.
Some Debts are not Discharged Through Bankruptcy
Not all debts can be discharged through bankruptcy. These include:
- Child support
- Alimony
- Other support obligations
- In some cases, back taxes
If you’re facing a tough financial situation, you want the pain to stop and you want to make sure you are able to get back on your feet. Bankruptcy could be the option for you that helps you stay in your home. Once you file for bankruptcy, all debt collection must stop. That includes foreclosure.
Contact a Lawyer for Help
Bankruptcy may seem like an extreme option. But it helps give you a fresh start. A law firm has the experience you can lean on to make sure you get the clean slate you deserve.
Your fresh start awaits but we must act fast. To stop the foreclosure and other harassing debt collection practices, time is of the essence. The foreclosure action won’t stop until you file for bankruptcy. Contact a law firm today to learn more during your no-obligation consultation with bankruptcy lawyers.