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In Business Since 1983
In Business Since 1983
706-322-8557

Legal Representation for Foreclosures in Columbus

If you have received a notice of foreclosure on your home by your lender, this may make you feel helpless and uncertain about how you can save your home.
Many people who have a home that is involved in a pending foreclosure are struggling to pay other bills and debt as well.
There are things that you may be able to do to stop the foreclosure, delay the foreclosure or even give you the time to attempt to refinance the home in a manner which would be affordable to you following a bankruptcy.
One of these actions available to many people seeking to save their home is to file for Chapter 7 or Chapter 13 personal bankruptcy.

How Chapter 7 Bankruptcy Can Save Your Home From a Foreclosure

When a personal Chapter 7 is filed, an automatic "stay" is issued to all creditors. This "stay" stops all debt collection actions, debt litigation and, yes, your foreclosure as well. While the "stay" in a Chapter 7 is only temporary, pending the outcome of the bankruptcy case, the Chapter 7 bankruptcy can help you in a few ways:
  • Give you the ability to have certain debts discharged, enabling you to afford the current mortgage going forward. This can put an end to the foreclosure process entirely.
  • Give you time to restructure, refinance, or modify your current mortgage, thus stopping the foreclosure process.
  • Give you time to have debt discharged, allowing you the time necessary to arrange for new accommodations.
  • Give you time to sell the home prior to a home foreclosure taking place.

How Chapter 13 Bankruptcy Can Save Your Home From a Foreclosure

When a personal Chapter 13 is filed, an automatic "stay" is issued to all creditors. This "stay" stops all debt collection actions, debt litigation and, yes, your foreclosure as well. The Chapter 13 bankruptcy can help you in a few ways:
  • Give you the ability to consolidate debts in an affordable manner, possibly enabling you to afford the current mortgage going forward. This can put an end to the foreclosure process entirely. The Chapter 13 plan can allow you to pay the payments you are behind over a period of up to five years while restructuring your other debts to help you afford the monthly house payments and other obligations.
  • Give you time to restructure, refinance or modify your current mortgage, thus stopping the foreclosure process.
  • Give you time to arrange for new accommodations.
  • Give you time to sell the home prior to a home foreclosure taking place.
While an automatic "stay" is issued to all creditors involved in the bankruptcy, the stay is only temporary, and following the bankruptcy, the home lender will still want their money if the debt has not been discharged in the bankruptcy, and may resume their debt recovery or foreclosure efforts.
If you do not have the money necessary to stop the foreclosure or have not made an agreement with the home lender that will stop the foreclosure process, the foreclosure will occur if the home lender wants it to happen.
Even when this happens, you still have options and rights which must be protected.
We are extremely detailed in our preparation regarding bankruptcy and bankruptcy related legal issues, provide a comprehensive approach in seeking a successful bankruptcy, and guide you through this difficult process with the dignity and respect you deserve.