If you are struggling with keeping your mortgage payments current, eventually
you will face
foreclosure. The absolute dread and fear that people experience in this position is
extremely stressful, and no day goes by without worry about what will
happen next. If you are interested in taking action to avoid foreclosure
on your home, it is time to discuss filing
Chapter 13 bankruptcy. Chapter 13 is the form of bankruptcy protection that could allow you
to avoid foreclosure. The process of filing Chapter 13 gives you the opportunity
to pay off your overdue bills, including late mortgage payments, over
a 3 – 5 year period, but it has other advantages as well.
Our Queens bankruptcy lawyer at the
Bronson Law Offices, P.C. should review your situation immediately. If you are on the brink of foreclosure,
we can file an emergency bankruptcy to stop proceedings before it is too
late. All creditor actions must stop at once when bankruptcy has been
filed, allowing the time to get this critical issue under control.
In a Chapter 13 bankruptcy, all of your overdue debts are paid off over
a specific period of time, in one payment that you can afford. The amount
of this payment will be determined by the Bankruptcy Court after a full
review of your financial situation. There are various advantages, including
the ability to take action to reduce the interest rate (which could make
your payment far more affordable) and to eliminate late fees and other
types of fees that have accrued with the debts you currently owe.
The quality of your attorney can make a difference in how much you get
out of filing Chapter 13, and if you take this step, you want to gain
the greatest benefit you can. Our firm is highly skilled and experienced
in the processes involved in filing Chapter 13, and we work to get our
clients the most out of filing. Are you ready to take the step to save
your home from foreclosure?
Call our firm to speak with us. We are on your side.