If you are facing foreclosure, the first thing we at King
& King want you to know is that you’re not alone. Bankruptcy can protect your home from foreclosure and we can help.
Filing bankruptcy will put a stop to a foreclosure. When you
file for bankruptcy, there is an automatic stay that prevents the foreclosure
sale from moving forward. This will give you time to pursue your bankruptcy
options and to avoid foreclosure.
If you have fallen behind on your mortgage payments, you may
feel like you’re stuck between two options: allowing the lender to foreclose on
your home or filing for personal bankruptcy.
Chapter 13 bankruptcy puts an immediate stop to the
foreclosure and gives you time to catch up on back payments. You will work with
the court and your attorney to create a payment plan that works for you and
your budget. Typically, you’d have between three and five years to pay the back
payments.
To learn which option may be best for you, you need to work
with a bankruptcy attorney who’s been through this situation many times before.
The professionals at King & King bankruptcy in Atlanta are ready to offer a
free consultation. Call us for help today at 404-524-6400.
