Five Questions on How to Stop Foreclosure With Bankruptcy
Can foreclosure be avoided through bankruptcy? The answers are a little tricky:
Question: Do all types of personal bankruptcy help you avoid foreclosure?
Answer: Yes and no. A Chapter 7 allows you to erase your debt, but your home is seized to pay off your debts. You avoid being foreclosed, but you have still gone bankrupt. Chapter 13 allows you to keep your home while utilizing a custom repayment plan for your debts.
Question: Should I hire a lawyer?
Answer: Definitely. This process is difficult and confusing. Trying to handle it yourself would most likely be counter-productive.
Question: Can a lawyer help avoid bankruptcy and allow me to keep a home?
Answer: Possibly. Sometimes banks make errors during the process that a lawyer is trained to find.
Question: Will my home definitely be saved?
Answer: Nothing is definite, but the answer is most likely.
Question: After all other options have run out, is this my final chance?
Answer: If you really want to keep your home, a Chapter 13 filing is your best chance. Be sure to examine all other routes before pursuing this.
If you have a question regarding Bankruptcy in San Francisco please contact us at 1800.941.6730 and we can connect you with one of our experienced California Bankruptcy Attorneys . Sagaria Law can assist you with all aspects of your bankruptcy case. If you have questions about filing a Chapter 7 bankruptcy, a Chapter 11 bankruptcy, a Chapter 13 bankruptcy, lien stripping , a cram down, stopping a foreclosure or wage garnishment, asset protection, discharging debt, etc. we can help! We have bankruptcy attorneys located throughout California and Oregon who can assist in all of these important areas. Please complete our free bankruptcy evaluation and we can quickly determine if you are a qualified candidate for bankruptcy.
