Avoid Foreclosure and
Get Rid of Debt?
King and King Bankruptcy Attorneys, 2/21/2013
If you’re facing a foreclosure, you are in trouble and
trying to figure out where to turn. You
should select an attorney that is able to stop the foreclosure and help you to
manage your other debt as well. When you file Chapter 13 bankruptcy, you are asking
the Court to restructure all of your debts.
Many of your debts will be reduced or discharged through
bankruptcy. Chapter 13 bankruptcy stops the foreclosure on your home and your
other debts will be condensed and combined into a simple monthly payment that
will allow you to regain financial stability.
Another benefit of filing for bankruptcy is you will be able
to stay in your home during the proceeding, avoiding foreclosure and eviction.
This can help reduce the stress of financial crisis you are facing. If you’re facingforeclosure or are behind on your mortgage payments, filing bankruptcy is a way
to manage your debt and save your home from foreclosure.
If you owe more on your home than it's worth and have multiple
liens, lien stripping may be an option for you. We take the debt that is over
the value of the home and have it converted into unsecured debt, which may then
be discharged in the bankruptcy proceedings. This is a tremendous benefit to
our clients that qualify.
King and King bankruptcy attorneys are dedicated to
providing information and guidance to individuals and families that are unable
to pay their mortgages. If you have a question regarding foreclosure and
bankruptcy in Georgia ,
please contact us at 404-524-6400 and we can connect you with one of our
experienced bankruptcy attorneys for a free bankruptcy evaluation.
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