Can Chapter 13 Bankruptcy Save My Home?

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.