Protect Your Home From Foreclosure

Many individuals who are behind on their mortgage payments are afraid of losing their homes in foreclosure. If your home lender is threatening to foreclose on your home or has already started the process, Shulman Law Offices in San Jose, CA can help you protect your house by filing for Chapter 13 bankruptcy.

How can Chapter 13 protect my home from foreclosure?

Chapter 7 can only temporarily stop a foreclosure, and does not resolve the underlying problem of catching up on back payments. In a Chapter 7 case, home lenders can fairly quickly ask the court for permission to complete a foreclosure sale.

However, when you file for Chapter 13 bankruptcy, you can keep the bankruptcy protection against foreclosure in place while you reorganize your mortgage debt and your other debts in a payment plan overseen by the court.

With Chapter 13, you will be able to stay in your own home while you pay your mortgage and handle other financial concerns. Depending on your home’s value and the debts owed against it, you might also be able to get rid of your second mortgage.

Additionally, Chapter 13 can lessen the amount you have to repay on vehicle loans, credit card debts, medical bills, and outstanding taxes. With your experienced attorney's assistance, you can formulate a repayment plan that fits your monthly income and budget.

Shulman Law Offices strives to find the best solution possible for each case. You can count on Ike Shulman to work hard and ensure that you are treated fairly during your bankruptcy.