Stop Foreclosure with a Bankruptcy Attorney in Maryland HeightsComments Off on Stop Foreclosure with a Bankruptcy Attorney in Maryland Heights
A foreclosure threat on your home is not only scary and overwhelming, but is emotionally devastating for you and your family. You may wonder if there is anything you can do to delay or completely prevent the situation. Before you take any additional action or make a rash decision, call a lawyer. It may be possible to stop foreclosure with a bankruptcy attorney in Maryland Heights. Lawyers are well-versed in foreclosure proceedings and will provide advice about how to postpone foreclosure with a Chapter 7 bankruptcy. Filing Chapter 13 bankruptcy may also allow you to keep your home.
Foreclosure does not happen overnight. It occurs when you fail to make mortgage payments on time over time and usually takes several months to be completed. Use this interval to carefully evaluate your options and attempt to meet your mortgage commitment if at all possible. It may be necessary, however, to file bankruptcy to relieve this debt.
Filing bankruptcy automatically requires all your creditors to temporarily cease collection attempts. If this happens, foreclosure may be delayed.
If you are determined to keep your home, your best option is to file Chapter 13 bankruptcy. With this decision, you can set up a payment plan to pay off your amount in arrears. Note that you will pay the amount past due at the same time you pay for what is currently due.
For knowledgeable guidance about foreclosure and bankruptcy, speak with an experienced lawyer who specializes in these legal situations. Call or text Teague & Associates, LLC, today at (314) 899-4499 to learn more about how you can stop foreclosure with a bankruptcy attorney in Maryland Heights. We are ready to help you.