Findbest Lawyer
  • Home
  • About Us
  • Bail Bonds
  • Criminal Lawyer
  • Lawyers
  • Contact

Our Blog

  1. Findbest Lawyer
  2. Lawyers
  3. Bankruptcy Can Protect You from Foreclosure
April 16, 2020 ByAdriel Adams In Lawyers

Sharing is caring!

0 shares
  • Share
  • Tweet

Where bankruptcy is concerned it helps to understand exactly what foreclosure is. A foreclosure begins when a homeowner is not able to make their monthly mortgage payments and they fall behind. The lender then starts a legal process to sell the home at an option so that they can get payment in consideration of the loan. The process itself involves many steps including notifying a homeowner. So in other words foreclosure does not happen overnight. In fact, lenders don’t usually begin foreclosure processes until several payments have been mixed. This can include up to three or four payments. Essentially this gives you a chance to turn to alternative measures such as a deed in lieu of foreclosure, a short sale or loan forbearance.

Buy Yourself Time with Bankruptcy Proceedings

If you have tried any of the above-mentioned measures and they have failed then it’s time to consider bankruptcy so that the foreclosure can be stalled. You need to speak with a foreclosure attorney in Valdosta to learn how to protect your rights. In most cases this can buy you time.

Bankruptcy Protection Can Delay a Foreclosure

When you want to delay or avoid the foreclosure of your home it’s time to seek bankruptcy protection. In some cases, bankruptcy may be able to help. If you file for Chapter 7 bankruptcy it can delay the foreclosure process for many months. This can give you the chance to save your home. There are also possibilities for saving your home if you file for Chapter 13 bankruptcy, as well. Regardless whether you file for Chapter 7 or Chapter 13 bankruptcy the courts will automatically issue an order for relief that includes an automatic stay. An automatic stay will direct your creditors to cease any collection activities immediately. If your home is scheduled for foreclosure sale, that sale will be postponed legally while your bankruptcy is still pending. This can typically give you up to 3 to 4 months of protection.

Adriel Adams

Related Posts

If you have been injured while on the job, you might think that you can simply file a claim against your employer’s insurance, and all will be fine. However, this… Continue Reading

Top Reasons to Hire a Lawyer for Work Injuries in Ottawa, Canada

January 19, 2023 ByAdriel Adams In Lawyers
If you are eligible for Supplemental Security Income, contact our SSI Lawyers in Stockton, CA, today for a consultation. SSI gives monthly payments to adults and children with a disability… Continue Reading

Get the Expert SSI Representation Your Case Needs in Stockton, CA

January 09, 2023 ByAdriel Adams In Lawyers

RECENT POST

If you have been injured while on the job, you might think that you can simply file a claim against your employer’s insurance, and all will be fine. However, this… Continue Reading

Lawyers

January 19, 2023
If you are eligible for Supplemental Security Income, contact our SSI Lawyers in Stockton, CA, today for a consultation. SSI gives monthly payments to adults and children with a disability… Continue Reading

Lawyers

January 09, 2023
Expert Tips That You Need a Workers Comp Lawyer in Minooka, IL



If you have been injured at work but are having difficulty getting compensated in a proper fashion, you might… Continue Reading

Lawyers

December 16, 2022

Archives

  • January 2023
  • December 2022
  • November 2022
  • October 2022
  • June 2022
  • February 2022
  • November 2021
  • June 2020
  • April 2020
  • November 2019
  • August 2019
  • June 2019
  • May 2019
  • March 2019
  • February 2019
  • January 2019
  • December 2018

Categories

  • Attorneys
  • Bail Bonds
  • Disabilities Law Services
  • Lawyers
  • Personal Injury Lawyer
  • Virtual Law Office
Find Best Lawyer

Find Best Lawyer Theme is a multipurpose HTML Template which is the most perfect solution for business, online shop websites

TWITTER
CONTACT
support@findbest.lawyer

Copyrights © 2018. All Rights Reserved

0 shares