Thursday, January 7, 2016

Bankruptcy Can Stop Foreclosure in Georgia

Foreclosure can begin quickly after missing just a few payments toward your mortgage. The bank that owns your loan can initiate the repossession process and begin foreclosing on your home before you have time to make up the missed payments. In a foreclosure, the lender will sell your home in an auction and the purchase price will be used to repay the debt on your loan. If you have been given a foreclosure notice, you need to immediately speak with a lawyer. King & King can help.

At King & King bankruptcy attorneys, our team can put a stop to the foreclosure process by quickly helping you to file for bankruptcy. One of the most common forms of stopping foreclosure is filing Chapter 7 bankruptcy. As soon as you file for Chapter 7, you will have an automatic stay placed onto your assets and all creditor collection attempts stop. This stay will also put a stop to the foreclosure sale, even if your home is already in the middle of the foreclosure process. Waiting too long to file for bankruptcy can hinder your defense against foreclosure, it’s important that you act immediately after you receive a foreclosure notice from your bank.

You Can Keep Your Home.

Your home may be on the line, so the bankruptcy lawyer you choose matters. At King & King, our team is committed to ensuring that you receive a positive outcome for your case and we will immediately begin to work with you to protect your home. We have helped thousands of clients avoid home foreclosure, we can help you too. If you are facing foreclosure, call King & King and schedule a free case evaluation today! 404-524-6400