Experienced Florida Foreclosure Lawyer
Stopping Foreclosure With Bankruptcy Protection
If your home has been scheduled for a foreclosure sale and you are running out of time, you should strongly consider filing for bankruptcy. The moment you file, foreclosure proceedings against you will be put under an automatic stay, meaning they cannot move forward.
I am Don Anderson, a Clearwater bankruptcy attorney with more than 35 years of legal experience. I am dedicated to helping clients save their homes from foreclosure through bankruptcy. To schedule a free consultation to discuss your options, contact me today.
Evaluating Your Options for Saving Your Home
The automatic stay is one of the most powerful features of the bankruptcy protection system. It puts an immediate halt to all debt collection proceedings against you the moment you file for bankruptcy, including not only foreclosure but also lawsuits and wage garnishment.
Just because someone at your bank is negotiating with you does not mean your foreclosure will not move forward. Only bankruptcy puts a definite stop to foreclosure.
The automatic stay on foreclosure is only temporary, but it may buy you time to renegotiate your mortgage. Due to the high rate of foreclosure in recent years, there are many government programs designed to encourage banks to agree to mortgage modifications.
Filing Chapter 13 bankruptcy may also allow you to put your arrears — your late or missed payments — on an affordable payment plan administered by the bankruptcy court.
I can offer you careful, detailed advice based on your specific financial circumstances. Please contact my office today to schedule a meeting to discuss what I can do to help you stop foreclosure and save your home.
