Foreclosure is something everyone wants to avoid. Most people will do anything they can to save their homes. If you are dealing with insurmountable debt and considering bankruptcy or other options for stopping foreclosure on your home, it is important to talk with an experienced lawyer who can help you consider the options available to you.
At The Law Offices of Ronald I. Chorches, you will find a lawyer with decades of experience handling bankruptcy and other debt-relief solutions to help clients prevent house foreclosures in Hartford, Connecticut, and the surrounding areas. With a shared dedication to helping clients find a fresh financial start, we will work with you personally to discuss your options and help you find the solution you need.
How To Stop Foreclosure Through Bankruptcy
Chapter 7 and Chapter 13 bankruptcy are powerful tools for helping you save your home. First, bankruptcy comes with an "automatic stay," which prohibits collections agencies and lenders from engaging in any collections activities. This includes all collections actions and creditor harassment, including phone calls, repossession actions and foreclosures.
There are also generous exemptions for bankruptcy filers in Connecticut, allowing you to shield a significant amount of equity in your home from the bankruptcy proceedings.
Finally, and perhaps most significantly, bankruptcy can allow you to eliminate debts and put you in a position to save your home. With Chapter 7, you might be able to eliminate your other debt significantly enough to allow you to make your mortgage payments again. Chapter 13 could put you on a three-year or five-year plan that includes monthly payments that are more manageable for you.
Bankruptcy Alternatives For Saving Your Home
At The Law Offices of Ronald I. Chorches, we also offer mortgage modification services. Through mediation or other forms of negotiation, we have been successful in working out mortgage modifications that could include lower payments, lower interest rates and even lowered principal.
Contact The Law Offices Of Ronald I. Chorches ∙ Free Initial Consultations
Talk with an experienced attorney about how you can save your home. Call us at 860-952-3878 or email us to schedule your free initial consultation.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.