Many people who are considering bankruptcy in 2023 fear that they will lose the things that they worked hard for when they file. We can help you can keep your home, especially if the home is in danger of foreclosure.
Bankruptcy can stop foreclosure, and give you time to put a
plan together.
The Automatic Stay
One of the benefits of filing for bankruptcy is the
automatic stay. In both Chapter 7 and Chapter 13 bankruptcy filings, the
automatic stay begins as soon as the bankruptcy case has been filed. The
automatic stay stops all collections by creditors. Foreclosure proceedings are
included in that group of actions that are stopped.
Chapter 13 Bankruptcy
Chapter 13 bankruptcy proceedings allow you to repay past-due mortgage payments a little bit at a time over several years rather than forcing you to pay all at once. If you can remain current on the monthly plan and mortgage payments, you should be able to keep your home.
Contact King & King For a Free Consultation Today
An experienced Georgia bankruptcy lawyer can help you
determine the best way to stop a foreclosure, help you utilize the best
exemptions to protect your property, and can help address any concerns you have
about the bankruptcy process.
Call King & King today at 404-524-6400 to schedule a
free consultation to discuss how bankruptcy may help you.
