If you are behind on your mortgage payments, filing bankruptcy may help you save your home.
The key factor to consider is whether you would be able to make payments going forward if you were not behind today. With a Chapter 13 Bankruptcy filing, all foreclosure actions must be stopped. In Chapter 13, you will follow a plan we put together which is backed by the full faith and credit of the United States Government. That is, your bank has no choice but to follow the bankruptcy court’s directions.
You have to file the bankruptcy before the foreclosure sale has been completed. Otherwise, the house belongs to the bank, and a bankruptcy filing cannot help.
If you have received foreclosure notices, I would be happy to look through your paperwork at no charge and let you know your options.