Many debtors considering bankruptcy may decide to file as a means of fighting the foreclosure process and in an effort to keep their home. In addition to being a way to get financial relief, bankruptcy can offer debtors a way to stave off foreclosure and keep their home.
If you’re facing foreclosure and are looking for a way to stop these procedures from continuing, we may be able to help you file for bankruptcy and at least pause ongoing procedures. For more information about your full range of legal options to fight foreclosure, contact Florida bankruptcy attorney Ryan J. Really, Attorney at Law, PLLC, today at (239) 237-0675.
How Bankruptcy Can Fight Foreclosure
When a debtor files for bankruptcy, they may be able to immediately pause foreclosure proceedings from continuing through what is known as an automatic stay. This stay stops creditors of any kind from continuing to collect or take action to begin collection during the legal proceedings associated with bankruptcy. Bankruptcy may also help stop or pause foreclosure in the following ways:
- During an automatic stay, a debtor may work with the bank to keep their house
- Bankruptcy may make it possible to begin repaying mortgage payments
- Chapter 13 bankruptcy can reorganize payments to altogether prevent foreclosure for some people
These methods provide for a way for debtors to prevent the loss of their home – something that is vitally important to most, if not all, people.
Foreclosure can be a frightening prospect for anyone to face, and you may still be able to stop the bank from foreclosing on your home. To discuss how bankruptcy may be able to improve your situation, contact Florida bankruptcy lawyer Ryan J. Really, Attorney at Law, PLLC, today by calling (239) 237-0675.