How a Chapter 13 Bankruptcy Can Help
A Chapter 13 Bankruptcy is a reorganization of your debt into a 3-5 year payment plan, depending on if you make more or less than your state’s median income level. Some balances, such as financed vehicles, must be paid in full during your bankruptcy. Your home mortgage, however, isn’t. Whatever your past-due balance is will be spread out over the course of your payment plan along with the rest of your debts.
If foreclosure is imminent, reach out to a bankruptcy attorney as soon as possible. Your bankruptcy attorney may be able to utilize a procedure called Emergency Bankruptcy/Skeleton Petition Filing to get your case filed- and stop a foreclosure- sooner.
Contact Us Today
If you are struggling to make payments and fear losing your home to foreclosure, bankruptcy may be the solution to your problems. Our office offers free phone consultations, affordable payment options, and can offer same-day filings in some circumstances. Don’t wait until it is too late- file bankruptcy and stop a foreclosure today. Call (480) 800-0033.