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
www.kingandkingattorneys.com
