New Port Richey

5422 Trouble Creek Rd 

Stop Home Foreclosure

Home Foreclosure Protection

If you have fallen behind in your mortgage payments, you may have questions about whether you can stop home foreclosure with Bankruptcy Proceedings. 
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Bankruptcy Protection

Chapter 7 bankruptcy allows you to discharge secured and unsecured debts permanently. However, you must return the security to the creditor to discharge a secured debt. So, if you no longer want to keep your home or your car, you must return the home or the car to the lender. Sometimes, people believe they can keep their home or car without paying, but that is false. 

 

Because the note on your home is secured by a mortgage, you cannot discharge the obligation and keep the property under Chapter 7. If you want to keep your home or car, you must keep making mortgage or car payments. In fact, many car lenders will insist that you sign a reaffirmation agreement whereby you agree to keep making the car payments after the bankruptcy. 

Chapter 13 allows you to discharge some of your unsecured debt, Stop Foreclosure and catch up on mortgage arrears, repay the IRS for tax obligations that cannot be discharged, and discharge or strip a second or third mortgage under certain circumstances. We can help you use a Chapter 13 filing to stop foreclosure proceedings and set up new payment arrangements within your means. 

 

When you file for bankruptcy, you are protected by the automatic stay. This prohibits creditors from calling, writing, or pursuing legal action to collect a debt. Accordingly, your bank or mortgage company cannot continue to pursue foreclosure proceedings while bankruptcy is in process. Often, this can give you the break you need to catch up on home loan payments. In addition, if you can discharge other debts in bankruptcy, you may now have the means to make your house payments. 

Contact Our Office

We provide a FREE initial consultation. Contact our office by e-mail at Ziona@debtrelieftampabay.com or contact one of our 2 offices throughout Tampa Bay in New Port Richey, 727-849-DEBT (3328), and in Tampa, 813-765-DEBT (3328) for a confidential meeting. 

   

We are a debt relief and probate agency. We help people file for bankruptcy relief under the Bankruptcy Code. As well as navigate probate and estate planning. 

Are you looking to stop home foreclosure? Simply call throughout Tampa Bay in New Port Richey, 727-849-DEBT (3328), and in Tampa, 813-765-DEBT (3328) for a confidential meeting.

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