Chapter 13 Clients Pay No Up-Front Attorney Fees
If you are struggling financially and have not been able to keep up with your mortgage payments, a personal bankruptcy filing under Chapter 7 or Chapter 13 can suspend foreclosure actions and help you get a fresh financial start. There are also ways that you can avoid foreclosure without filing for bankruptcy. You want an experienced attorney to help you understand your options, so that you can make decisions that are in your best interests. Simply allowing your home to be foreclosed upon without understanding your options can lead to serious consequences that follow you for years. We understand the pressure and pain of falling behind on a mortgage. We can help you protect yourself and your family. We care about our clients and their well-being. We are not here to judge you; we are here to help you get the protection promised to you by the U.S. Constitution.
Experienced at Stopping Foreclosure for Our Clients
At Lawrence & Associates, we provide comprehensive and experienced counsel to people throughout Northern Kentucky and the Greater Cincinnati area who face foreclosure proceedings. We understand the stress and anxiety that come with financial difficulties. We take the time to listen carefully so that we can learn about your needs and goals, and tailor our representation to get the results you seek. Lawrence & Associates can help you with matters regarding foreclosure, debt liquidation, or debt repayment plans.
Questions we consider if you have received a foreclosure notice…
- Have the foreclosure papers been properly filed by the mortgage company?
- Is the current mortgage company the original mortgage company? If not, do they have the legal right to pursue foreclosure?
- Has the current mortgage company padded the fees they are charging you?
Stopping Foreclosure Through Bankruptcy
Often, the fastest and most effective way to suspend foreclosure actions and save your home is through a Chapter 13 bankruptcy filing. When you file for bankruptcy, an automatic stay goes into effect, prohibiting your creditors from calling, writing or pursuing any legal action (outside of the bankruptcy) to collect on debt. Mortgage debt can either be discharged in a bankruptcy, if the property is going to be surrendered, or the debt can survive bankruptcy if you are attempting to retain the property. Chapter 13 can provide you with a structured way to catch up the mortgage arrearage in an interest and penalty free environment. If you want to delay a foreclosure to allow you to find alternate living arrangements, a Chapter 7 bankruptcy may be your best option.
If you file Chapter 7 bankruptcy, your debt relief normally includes…
- Credit card debt relief
- Medical bill debt relief
- Collection calls must stop
- Your assets are normally left intact allowing you to repay the debt (i.e., home, vehicles), and possibly reduce your payments, and/or interest owed.
If you file Chapter 13 bankruptcy, your debt relief normally includes…
- Reorganization of credit card debt to possibly reduce interest, and extend the time to repay
- Collection calls must stop
- Your assets are normally left intact allowing you reduce your monthly payments, and possibly reduce interest.
- All debts are repaid and lenders value your desire to repay them.
Stopping Foreclosure Through Loan Modification
Another option that will allow you to keep your home is the modification of the terms of your mortgage. Loan modification is not a cure-all, however. Unfortunately, we know of too many stories of people who tried to handle a loan modification effort on their own, only to have foreclosure proceedings filed against them when they thought a modification was in the works. Regardless of your situation, if you think foreclosure proceedings are imminent, you need to contact us.
Our Bankruptcy Explained Series
- Credit Card Purchases: Why Calculating Interest Is the Most Important Step You’ll Ever Take - 08-19-2016
- Understanding the Rights a Mortgage Company Has After Bankruptcy - 07-18-2016
- The Injured Plaintiff’s Bankruptcy — Pitfalls for the Civil Litigator - 06-24-2016
- What are the effects on my spouse if I file bankruptcy? - 06-09-2016
- How Long Do I Have to Wait Between Bankruptcies? - 06-06-2016
- How does filing bankruptcy affect my credit score? - 05-26-2016
- The Dangers of Taking Out Debt Before Filing Bankruptcy - 05-20-2016
- How Much Will Your Payments Be in a Chapter 13 Bankruptcy? - 04-25-2016
- Two Steps to Preserve a Claim When a Tortfeasor Files a Bankruptcy - 04-14-2016
- The Difference Between Chapter 7 and Chapter 13 Bankruptcy - 04-12-2016
- How to Stop a Car Repossession by Filing for Bankruptcy - 04-05-2016
- Bankruptcy Can Stop Wage Garnishments and May Offer Refunds - 03-27-2016
- You Can Beat a Northern Kentucky Foreclosure - 03-25-2016
- How to Protect Your Tax Refund When You File Bankruptcy - 03-21-2016
- Keep Your Home When You File for Bankruptcy - 03-14-2016
- How Can I Stop My Car From Getting Repossessed? - 02-25-2016
- What’s the difference between a Chapter 7 bankruptcy and a Chapter 13 bankruptcy? - 01-25-2016
- You Can Protect Your Tax Refund in Bankruptcy - 01-20-2016
- Why Might You Have To File a Chapter 11 Bankruptcy Rather Than a Chapter 13? - 11-10-2015
- A Debt Collector Threatened Me with Fraud and Jail. Can They Do That? - 10-13-2015
More About Us
Contact Us for a Free Consultation! Call 859-371-5997 in KY or 513-351-5997 in OH.