Myth Debunked – You Can Keep Your House
If you are afraid that you’ll soon lose your home to foreclosure, don’t panic. Clark and Washington can help you and your family keep your home. Our bankruptcy law firm is here to evaluate your personal financial situation and provide advice as to how you can prevent a life-altering foreclosure.
How Can Bankruptcy Help?
Oftentimes, a foreclosure can be stopped when the homeowner files bankruptcy. While there are some exceptions to this statement, it is true that the majority of foreclosing proceedings and harassing phone calls from creditors will be suspended once the debtor files for bankruptcy. Don’t immediately rule out the idea of declaring bankruptcy. Our attorneys can help you get a fresh financial start so you can get up to speed with your mortgage payments.
Georgia law states that creditors can initiate foreclosure proceedings without actually filing a lawsuit. The law also states that the creditor must provide the debtor with a minimum of 30 days before they can sell the home. This nightmare can be prevented if you act quickly with the help of our savvy bankruptcy attorneys. Work with our attorneys to file a timely automatic stay and your creditors will be barred from enforcing liens or attempting to collect the debt. We’ll work with you to determine whether a Chapter 7 or a Chapter 13 bankruptcy filing is right for your unique financial situation. As soon as we get your bankruptcy filed, the automatic stay will immediately apply and you’ll be able to live peacefully in your home.
If you are experiencing financial troubles, do not resign yourself to losing your home. You are able to reach out to Clark & Washington for help. We will do our best to prevent a foreclosure with every means at our disposal. Our options include, but are not limited to, obtaining an injunction, deeding the property to the creditor instead of proceeding with a foreclosure and creating a bankruptcy payment plan. Reach out to our office today to schedule an initial consultation. We can help you keep you and your family in your home for the long haul.