Thursday, June 18, 2015

Can Filing Bankruptcy In Georgia Protect Your Home?

Like many states in the U.S. foreclosures have impacted the lives of thousands in Georgia. If you are currently facing foreclosure proceedings or if foreclosure is imminent, King and King wants you to know that there are actions you can take to stop foreclosure and protect your home. By working with our experienced and compassionate Georgia bankruptcy lawyers, you can receive the support you deserve and the assistance you need to navigate through these difficult times.

Bankruptcy is a powerful tool in defending against foreclosure. One of the most important elements of foreclosure defense is the automatic stay. The automatic stay is issued immediately after you file with the bankruptcy court. Providing you with bankruptcy protection, the automatic stay orders all collection activities against you to stop. This means that all foreclosure proceedings will also cease while your bankruptcy is pending.

Using the time afforded by the automatic stay can be invaluable in allowing you to organize your finances. It may also permit the time you need to reach loan modifications with your mortgage lender and to negotiate more manageable and feasible mortgage terms. Payment plans reached in Chapter 13 proceedings can also potentially allow homeowners to make up missed payments and keep their property. Bankruptcy can also be used to completely strip second mortgages.

Time is a factor in foreclosure cases; call King and King today and schedule a free case evaluation so we can explore your foreclosure defense options. Work with experienced attorneys who really care about clients. Contact King and King today at 404-524-6400 or visit us online at