You Can Use Chapter 13 To Stop Foreclosure

For most people, receiving a foreclosure notice is alarming and unsettling. The thought of losing the family home is a nightmare. The good news is that you don't have to lose your home and financial security. Filing for bankruptcy will stop foreclosure proceedings and give you time to create a plan for the future.

At Minion & Sherman, our Essex County foreclosure attorneys have helped hundreds of people keep their homes and get a fresh financial start. With more than 40 combined years of experience, you can rely on us to give you honest, accurate advice about how to stop foreclosure and regain control of your finances. To arrange a free consultation with a compassionate, skilled foreclosure attorney, please call 973-559-5791 or toll free 866-915-1839. You can also contact our law firm online. Evening and weekend appointments available.

Stopping Foreclosure by Filing Chapter 13 Bankruptcy

Filing for Chapter 13 bankruptcy automatically halts foreclosure proceedings, as long as the bankruptcy is filed before the foreclosure sale takes place. Chapter 13 is designed to give you a customized repayment plan that is within your budget. You also retain the option of selling or refinancing your home and completing the bankruptcy program early.

Chapter 13 gives you a significant period of time to stabilize your finances, catch up on your mortgage payments and stay in your home. The idea behind the Chapter 13 repayment plan is that at the end of the plan you will be current on your mortgage payments, plus your unsecured debt, like credit cards and medical bills, will be eliminated. You will then have the clean slate you need to begin moving forward in life.

The additional major benefits of Chapter 13 plan are that once you file, no more default interest accumulates and most importantly, you get to stay in your home.

Contact Our Lawyers to Stop Home Foreclosure

If you are being threatened with foreclosure, you must act quickly to preserve your interests. Our West Caldwell law firm offers a free initial consultation to explain your rights and your options. To arrange a meeting, call 973-559-5791 or toll free 866-915-1839. You can also contact our law firm online. Evening and weekend appointments available. We serve clients in Essex County, Passaic County, Hudson County, Union County, Somerset County and Morris County.

We are a debt relief agency. We help people file for bankruptcy under the Bankruptcy Code.