Stop Foreclosure Through Bankruptcy

There's no doubt that receiving a written notice of delinquency or a Notice of Foreclosure is frightening. Most likely, you have tried hard to make your mortgage payments, but life's challenges got in the way and now you face a nightmare situation.

There is hope. Through bankruptcy, you can stop foreclosure, save your home and even cure the mortgage payments you have missed. But you must act quickly.

You must file bankruptcy before the foreclosure sale date or you will lose your home. Even if your foreclosure is tomorrow, though, it is not too late. In one case, I helped a client file for bankruptcy on the exact same day that she came into my office. We saved her home. Call 616-259-4328 to set up a free consultation at my Grand Rapids, Michigan, law office.

How Can Bankruptcy Save Your Home?

The moment you file a Chapter 13 bankruptcy petition, an "automatic stay" goes into effect. The automatic stay stops foreclosure and collection efforts against you. During the bankruptcy, you will create a three- or five-year repayment plan, which will include paying off past-due mortgage payments. You will also need to keep paying regular mortgage payments.

By following these guidelines, you can keep your home and reduce the other debt that has made it difficult for you to make your mortgage payments.

Bankruptcy And Your Future Home

Saving your current home is important, but what about your chances for buying a future home? Bankruptcy does show up on your credit report for ten years, but that does not mean you have to wait ten years to get a mortgage. There seems to be an informal rule of thumb in the finance industry that, two years after your discharge, you look as attractive as the next person for mortgage and consumer lending. Many of my clients have been able to get home mortgages after only two-and-a-half to three years.

How Can I Help You Stop Foreclosure?

Chapter 13 bankruptcy is complicated, requiring difficult discussions with your lenders and the bankruptcy trustee. There are also specific timelines you must follow. By working with an attorney with enough experience to understand the nuances of bankruptcy law, you can significantly reduce the amount of stress you face.

While I cannot make bankruptcy pain-free, I can make the process easier for you. Many of my clients have said they have felt better after their first free meeting with me — they felt hope for a better future.

I never push people to make the decision to hire me as their lawyer. Come speak with me in a free and confidential consultation. If you leave that meeting with hope, I have succeeded. You will also know exactly how much your bankruptcy will cost so that you can make an informed decision about whether to work with me.

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