Advocating For Consumers In Bankruptcy Filings For More Than 25 Years

Work With An Attorney To Help Stop Home Foreclosure

One of the reasons people file for bankruptcy is to prevent home foreclosure. At the Law Office of Paul L. Urich, P.A., in Orlando, Florida, I offer a free initial consultation to explain how to stop home foreclosure by filing an emergency bankruptcy petition.

Filing either Chapter 7 bankruptcy or Chapter 13 bankruptcy will stop any home foreclosure action by your lender under the automatic stay provision of the U.S. Bankruptcy Code. However, you will still have to catch up on your house payments if you want to keep your property. Your lender may ask permission from the bankruptcy court to proceed with home foreclosure if it can show that you are so far behind on your payments that you will be unable to bring your payments current.

Which Bankruptcy Chapter Is Right For Preventing Home Foreclosure?

Because Chapter 7 bankruptcy provides relief for other types of debt such as credit card bills, this bankruptcy option may enable you to catch up on your mortgage payments and keep your house. However, if you are far behind on your payments, filing for Chapter 13 bankruptcy may be the best choice for you. Under a Chapter 13 debt repayment plan, you will have up to five years to bring your mortgage payments up to date.

If you have house payments automatically deducted from your checking account, those payments may stop as a result of your filing bankruptcy. Therefore, it’s important to keep an eye on your checking account. If you get behind on house payments after filing bankruptcy, your lender will have the right to make a motion to vacate the automatic stay and foreclose on your house.

I generally recommend that clients make house mortgage payments by money order or bank check for at least six months after your bankruptcy case, as these forms of payment can’t bounce. I also recommend that payments be sent by certified or registered mail, return-receipt requested, so that there is proof of when the lender received it.

Contact My Firm Today And Sleep Better Tonight

Want to learn more about options for debt relief and avoiding foreclosure? Contact the Law Office of Paul L. Urich, P.A., in Orlando to schedule a free consultation. You can reach out online or call 407-915-0842.

Bankruptcy Overview