Get Help Stopping Foreclosure – Save Your Home
For most people, the thought of losing a home to foreclosure is a nightmare. The good news is a foreclosure sale does not have to happen. In many cases, you can stop foreclosure, save your home and obtain debt relief through bankruptcy.
If you have skipped a mortgage payment or are juggling your bills, you should speak with a bankruptcy attorney as soon as possible. The longer you wait, the more difficult it can be to resolve your problems.
At the Bankruptcy Clinic, PC, our Illinois bankruptcy attorneys have helped thousands of people keep their homes and get a fresh financial start. We can review your financial situation and explain your options. Contact our bankruptcy law firm to schedule a free consultation.
Bankruptcy Stops Foreclosure Immediately
Filing for Chapter 13 or Chapter 7 bankruptcy stops the foreclosure process immediately. With a Chapter 13 bankruptcy, you can keep your home, reduce some or all of your unsecured debts, and pay off your remaining secured debts through an affordable payment plan. You can roll your past due mortgage payments, interest and penalties into your payment plan and pay them back over a period of time rather than all at once.
In a Chapter 7 bankruptcy, you can completely eliminate your unsecured debts, which frees you from overwhelming monthly expenses. Most people can keep their home after filing Chapter 7 bankruptcy so long as they remain current on their mortgage payments.
While stopping foreclosure is possible at any time up to the actual foreclosure sale, the sooner you act the better off you will be. If you wait to file a Chapter 13, you are only accumulating mortgage principal, interest payments and creditor’s attorney’s fees you will have to repay over a period of time through your Chapter 13 plan.
How Our Bankruptcy Lawyers Can Help
In a free consultation, a knowledgeable lawyer from our firm will review your financial situation and recommend the right solution for you. If you choose to file for bankruptcy, we can act immediately to stop a foreclosure right up until the date of sale. We will work diligently to help you reduce your debts while allowing you to keep as much of your property as possible.
Take the first step toward stopping foreclosure and saving your home. Call the Bankruptcy Clinic, PC, today.
Free Consultation With a Carbondale, Marion or Mt. Vernon Mortgage Foreclosure Lawyer
For a free consultation with the Bankruptcy Clinic, PC, about stopping foreclosure and obtaining debt relief, call 888-522-6578 toll free or contact our bankruptcy lawyers online. We have offices in Carbondale, Marion and Mt. Vernon, Illinois, to serve you. Evening and weekend appointments are available.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.