Like most other families facing foreclosure, you are presented with your options, the most heavily pushed option being foreclosure mediation to modify your mortgage. While government programs are targeted to keep people in their homes and avoid foreclosure, they fail to address the overall debt problems that most families in these situations are facing; and as a result, many of these families still end up losing their homes. There are other options, and with the help of an experienced lawyer from The Law Offices of Neil Crane, LLC, you can address your debt problems as a whole.
Chapter 13 bankruptcy will stop foreclosure, resolve all other types of family debt, and enable you to get control of your finances and your life.
Contact a Connecticut Chapter 13 bankruptcy lawyer at The Law Offices of Neil Crane, LLC, to learn how we can help. From offices in Hamden, Bridgeport, Waterbury, Rocky Hill, and Ridgefield, we provide Chapter 13 bankruptcy services and other debt relief solutions to clients throughout Connecticut. Since 1983, our lawyers have been helping people throughout the state file for bankruptcy, stop creditor harassment, stop foreclosure, and put an end to debt.
New Haven Lawyers Helping Stop Foreclosure and Other Debt Problems
For many people facing financial challenges, Chapter 13 bankruptcy may be the overall, global solution. Chapter 13 bankruptcy is a federal court procedure for the deceleration and repayment of mortgage obligations. It creates an immediate stop — known as an "automatic stay" — of the foreclosure process, stopping a pending foreclosure and allowing for repayment of the past-due mortgage installments, and other debt obligations, over a three- to five-year time period. Chapter 13 bankruptcy will allow you to begin regularly scheduled monthly mortgage payments as if no previous default had ever occurred.
While there are numerous shortfalls to foreclosure mediation and modification of your mortgage, there are many benefits to filing Chapter 13 bankruptcy, such as:
- Save your home from foreclosure
- Strip second mortgages and lien obligations
- Specific relief from tax debt
- Protect all your assets from loss
- Reduce or eliminate all other forms of debt
- Stop all creditor action
Any type of income will allow you to qualify for Chapter 13 bankruptcy. Most people who qualify are people who lost a job but found a new one, or experienced an illness but now are able to work again. Our Connecticut Chapter 13 bankruptcy attorneys can assess your financial situation and determine the right Chapter 13 Plan for you.
Saving Homes Under Chapter 13 Bankruptcy Protection
Our Hamden, Connecticut, law firm has a successful record of saving homes under Chapter 13 of the Bankruptcy Code. The filing of a Chapter 13 bankruptcy at any time prior to the approval of a foreclosure by sale will provide an immediate federal court stay on all collection actions while allowing borrowers time for repayment. Chapter 13 bankruptcy often represents the best — if not the only — means to save homeowners in trouble, particularly given the banks' unwillingness to take meaningful steps to assist homeowners. With early and thorough preparation, our office has successfully saved hundreds of Connecticut homes.
Contact a Connecticut Chapter 13 Debt Reorganization Lawyer
Get answers to your questions about Chapter 13 bankruptcy. We offer a free consultation. Please do not hesitate to call us today at 888-249-3027, toll-free 1-800-616-DEBT, or complete our online contact form to discuss your questions and concerns with an experienced attorney.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.
