It is very difficult to think clearly about the prospect of foreclosure. Most families have so much invested in their homes, both financially and emotionally, that they often panic when faced with the possibility that the bank will take it away. Whatever your reasons for having difficulty making your mortgage payments, you shouldn’t simply give up and allow the bank to do whatever they wish. By getting a lawyer involved, you may be able to use bankruptcy law to Stop Foreclosure and to buy yourself time and the opportunity to get your finances back on track.
The purpose of the bankruptcy system is to ensure that people have an honest chance to put their lives back together after a financial disaster. A failing business, the loss of a job, a serious illness, and many other situations that most people would never anticipate experiencing can take a family that is doing well and put it into a downward financial spiral. Once you start missing payments, increased interest rates and penalty charges can pile up to the point where it is almost impossible to recover without some assistance.
Filing for bankruptcy is a way to immediately Stop Foreclosure and a variety of other collections activities. It works this way because filing moves the authority over the situation into the hands of the courts. At that point, collection agencies and other creditors are no longer allowed to bother you, because it will be a judge’s job to decide whether to grant protection and how best to arrange payments or the distribution of assets in an attempt to equitably cover any debts.
Sean C. Paul Attorney at Law offers free consultations to people who are considering either Chapter 7 or Chapter 13 bankruptcy in the St. Louis area. It’s a risk-free opportunity to speak to someone who has experience helping people with hundreds of families to get their debt under control. Whether you choose to go ahead and file for bankruptcy or to do something else entirely, a consultation will at least give you the basic information about the available options that you will need to make an informed decision.
