If you are one of the millions of Americans facing foreclosure, you should take a moment to contact a Dallas bankruptcy attorney at the Malaise Law Firm about ways to fight foreclosure. While there are many alternatives to foreclosure, one of the most effective ways of fighting foreclosure is by filing for Chapter 13 bankruptcy.
Chapter 13 gives people struggling with debt the opportunity to reorganize their debts and finances without the pressure of banks, lenders, or creditors breathing down their necks. During a Chapter 13 bankruptcy the debtor not only is given the opportunity to reorganize his or her finances, but also works out a plan with the bankruptcycourt to repay their debts over the course of three to five years. Sometimes the court will agree to let the debtor include mortgage debt as part of the repayment plan, thus saving the debtor from losing their home in foreclosure. Once the repayment plan has been approved, an automatic stay will be imposed that will stop any foreclosure action from moving forward.
The threat of foreclosure is a frightening thing to face. If you are interested in learning more about ways you can fight foreclosure, consider contacting a knowledgeable and highly experienced Dallas bankruptcy lawyer at the Malaise Law Firm today. We look forward to speaking with you and helping you save your home!