Filing for bankruptcy can stop foreclosure and even stop a sheriff's sale of your home. You have options in saving your home through an automatic stay during the bankruptcy process and modifying your mortgage loan. In Chapter 13 bankruptcy, we may even be able to strip a second or third mortgage or home equity loans.
At the Law Office of Stephen Ross, our Pottstown foreclosure defense attorneys can protect your rights and negotiate with mortgage lenders for your best possible option. We can also negotiate with the IRS on your behalf if a tax levy is forcing your home into foreclosure or seizure by the IRS. We make a full analysis of your financial situation and pursue your best interests, whether that involves Chapter 7, Chapter 13 or bankruptcy alternatives.
Benefits of Bankruptcy
Chapter 7 and Chapter 13 bankruptcy can both stop foreclosure and stop a sheriff's sale. Chapter 7 relieves debtors of unsecured debts and stays off a pending foreclosure action. It gives people the opportunities to live in their home longer and maintain mortgage payments. As long as you are current on mortgage payments and continue to make payments, you will be able to keep your home in Chapter 7. Other options such as short sale and deed in lieu of foreclosure can be negotiated with your lender to avoid the harmful effects of foreclosure.
In Chapter 13, the bankruptcy filing itself also stays off a pending foreclosure or sheriff's sale. Chapter 13 allows debtors to catch up on mortgage payments and other debt. We help our clients negotiate with lenders and other creditors for reasonable and achievable loan modification agreements.
If you are unable to complete the Chapter 13 process, our lawyers can assess the ability to convert your bankruptcy to a Chapter 7. Additionally, if you do not qualify for Chapter 13 now, but you obtain a higher paying job or come into money in another way that allows you to catch up on mortgage arrearage, we can assess your ability to convert to the Chapter 13 process for further protections later.
We also fully examine the charges and debt collection attempts of your mortgage company and other creditors. If we discover they have done anything improper or unlawful, we sue for damages on your behalf!
We Sue Creditors for Charging Improper Fees and Unlawful Debt Collection
Mortgage lenders and creditors may attempt to charge improper fees or collect on debt with tactics that violate consumer law. Our attorneys take such actions very seriously, and we help our clients obtain deserved compensation. Sometimes our goal is to recoup fees, and sometimes we can induce a substantial mortgage modification as the result of a lawsuit.
Contact Our Norristown Stop Foreclosure Attorneys Today
Our attorneys are ready to discuss your concerns and provide answers. Contact our Pennsylvania debt relief law firm today to learn more about what we can do to help you overcome your legal troubles at 610-323-5300 | 800-799-1948.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.
