Filing Bankruptcy to Stop Foreclosure in Webb City, Neosho, and Joplin
If you are behind on your mortgage payments, determining the best way to stop a home foreclosure can be confusing. You have probably heard of mortgage modifications, foreclosure defense and other options. However, you should not take any steps without discussing your situation with an experienced bankruptcy attorney.
The lawyers of Checkett & Pauly, P.C., help individuals in Webb City, Joplin, Neosho, and other communities throughout southwest Missouri, save their homes by filing Chapter 13 bankruptcy. We offer a free initial consultation to discuss your financial situation and determine if bankruptcy is the best solution for you.
Chapter 13 Bankruptcy to Stop a Home Foreclosure
If you are behind on your mortgage payments, sooner or later you will have to deal with the problem or you will lose your home.
Mortgage defense may allow you to delay a home foreclosure by challenging the paperwork. However, mortgage defense is usually only a temporary solution. If you continue to fall behind on your payments, you may end up digging yourself into a bigger hole.
Mortgage modifications may enable you to negotiate a plan to fix the problem such as putting arrearages into the back end of the loan or reducing the interest rate. However, many banks are slow to respond to modification requests, and you may end up in foreclosure before a plan is approved.
If you have significant arrearages, your best option may be bankruptcy. Filing Chapter 13 bankruptcy puts an immediate stop to any foreclosure action and forces your mortgage companies to accept past due payments over a long period of time — up to five years. It also allows you to reduce other types of debt such as credit card bills. You can even refinance vehicles, reducing the amount you owe to the vehicle's current value.
Free Attorney Consultation
For more information about how to stop home foreclosure in Carthage and other communities in southwest Missouri, call 866-451-8303 or fill out the contact form on this website. For your convenience, appointments are also available after hours and on Saturdays.
We are a debt relief agency. We have helped help people file for bankruptcy relief under the Bankruptcy Code since 1977.
