Fight Foreclosure With A Bankruptcy Strategy

As an Orlando bankruptcy lawyer, I have had a front-row seat for the downward turn in the real estate market over the last few years in Florida. Many of my clients are homeowners who have fallen behind on mortgage payments and face foreclosure of their homes.

At the Law Offices of K. Hunter Goff, P.A., I take a compassionate approach to helping families who are at risk of losing their home. In many cases, filing for bankruptcy offers a comprehensive solution – not just to save their home but to solve difficult debt issues.

If your home is currently in foreclosure, or headed there, filing for bankruptcy prior to the sale of your home will stop the sale. I can help you understand how bankruptcy could affect all aspects of your personal finances.

Bankruptcy Could Halt Foreclosure

By filing bankruptcy, whether it’s a Chapter 7 or Chapter 13, you can immediately stop the foreclosure lawsuit. The process stops when bankruptcy grants an automatic stay, which means that creditors must pause collection actions in the meantime. The automatic stay gives you and your lawyer time to work out a payment plan or discharge of debts through the court.

Depending on what your goals are, I can develop a strategy through either type of bankruptcy that will allow you to keep your home or walk away from it and eliminate your liability for the mortgage. The most effective option for your long-term success will depend on your individual financial situation.

A Repayment Plan May Let You Catch Up On A Mortgage

In a Chapter 13 filing, you agree to pay back the mortgage payments you missed that led to the foreclosure lawsuit against you. This option can help you keep your home while giving you a chance to get your mortgage back on track. I can file a Chapter 13 payment plan for you at the beginning of your case if this outcome is your goal.

At your first meeting with me, if you choose to file Chapter 13, I can put together the plan for you immediately. Depending on your situation, you may also be able to eliminate all of your unsecured debt, such as credit cards and medical debt, through a Chapter 13 filing.

Time Is Vital When Your Home Is At Stake

Foreclosure defense is one area of the law where you need to act fast. If you wait too long to contact a bankruptcy lawyer, you could find that it’s too late for your attorney to do anything to help you.

I can tell you where you are in the foreclosure process and give you an idea of when you should file bankruptcy. To work with me to create a strategy tailored to meet your specific needs and goals, call 352-432-7003 or email me for a free consultation.

The Law Offices of K. Hunter Goff, P.A., is a debt relief agency. The firm helps people file for bankruptcy relief under the Bankruptcy Code.