How Chapter 13 Can Save My Home
Helping Clients Avoid Foreclosure
Serving Communities Such As Bridgewater, Norwood and Quincy
If you have sufficient income to make regular mortgage payments plus a "plan payment" sufficient to bring your mortgage arrearage current over 60 months, the bank cannot foreclose on you. For example, if you are $12,000 behind in your mortgage payments but can make your ongoing regular payments plus $200 per month to address the arrearage, you can stop foreclosure by filing a Chapter 13 bankruptcy.
Experienced Bankruptcy Lawyers to Help You Keep Your Home
The bank has no choice. If a bankruptcy judge approves your plan, the bank will have to accept your payments and not foreclose on your house. At the Braintree, Massachusetts, law firm of Nashawaty & Rand, we help clients avoid foreclosure and save their homes through Chapter 13 bankruptcy. With many years of experience, our lawyers are able to guide you through the process and help you make a fresh financial start while preserving your home.
Most people fall behind in their mortgage payments because of unexpected changes in their circumstances. They may be laid off from their jobs, or become ill or disabled and unable to work. Chapter 13 bankruptcy gives individuals the ability to catch up on the mortgage arrearages caused by their unemployment or illness.
A Chapter 13 bankruptcy filing may also allow you to strip off a second mortgage on your home, giving you additional funds to make the payments required by your plan. Many homeowners are able to become current with their first mortgage and repay nondischargeable debt such as student loans and back taxes. In short, a Chapter 13 bankruptcy allows you to avoid foreclosure while addressing debt that must be repaid.
We offer free initial consultations. To schedule yours to learn how a Chapter 13 can save your home, please call 781-848-8545. You may also contact us online. We can arrange evening and weekend appointments to accommodate your schedule.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.
