How to Stop Foreclosure with a Bankruptcy Attorney in ChesterfieldComments Off on How to Stop Foreclosure with a Bankruptcy Attorney in Chesterfield
If you are struggling financially due to job loss, medical issues, death, divorce or another life event, then you are likely worried about losing your home, if you own property. The foreclosure process can be scary, ominous, and even overwhelming, especially since defaulting on mortgage payments can quickly become a legal issue. If this sounds like you, then you need bankruptcy protection and to learn how to stop foreclosure with a bankruptcy attorney in Chesterfield.
If you are struggling to pay your bills or make mortgage payments, then you are probably wondering how hiring a bankruptcy attorney can help, especially since a good attorney costs money – right? However, working with a reputable and professional bankruptcy attorney can actually do a lot to protect you and your family from foreclosure by offering a blanket of bankruptcy protection.
Read on to learn more about how working with a bankruptcy attorney can help you to stop foreclosure.
Chapter 7 or Chapter 13 Bankruptcy – In many cases, filing for Chapter 7 or Chapter 13 bankruptcy can push foreclosure back. Chapter 7 can delay from three to four months, which may be enough time to “buy” you and your family time to get back on your feet, even if only temporarily.
Automatic Stay – The court-ordered “automatic stay” is an automatic injunction which means your creditors must cease all collection activities immediately upon the bankruptcy petition being filed. For example, if your home is scheduled for a foreclosure sale, then the sale will be delayed while bankruptcy is pending.
To learn more about the different types of bankruptcy options, and for legal questions concerning foreclosure, contact the legal team at Teague & Associates today by calling (314)899-4499 today. Call us today to how to stop foreclosure with a bankruptcy attorney in Chesterfield.