Bankruptcy – If you have fallen behind on
your mortgage and your lender has threatened to foreclose on your home, bankruptcy may
be able to stop the foreclosure and make your mortgage payments more manageable. At Florida
Law Advisers, P.A. our foreclosure defense attorneys have helped many homeowners prevent
a foreclosure and lower their monthly payment by filing for bankruptcy. Bankruptcy is a
useful tool, but it may not be the right solution
for everyone. To find out more about how bankruptcy can prevent a home foreclosure, contact us
to schedule a free consultation with a Tampa bankruptcy lawyer at our firm. During the
consultation a bankruptcy attorney will review the facts of your case and help develop a
comprehensive solution to solve your financial problems. The Automatic Stay
Filing for bankruptcy will stop any home foreclosure action by your lender under the automatic
stay provision of the U.S. Bankruptcy Code. When you file for either Chapter 13 or Chapter
7 bankruptcy, the court will automatically enact a stay. The stay requires all collection
actions against you to stop immediately. Creditors and collection agencies will not be able to
contact you, garnish your wages, or repossess your property while the automatic stay is
in effect. The automatic stay may even put a stop to a scheduled foreclosure sale of
your home. In most cases, the automatic stay will remain in effect until your bankruptcy
case is discharged. The automatic stay can help provide a homeowner with more time to
catch up on their mortgage or to fight the foreclosure in court. Chapter 13 Bankruptcy
Chapter 13 is a reorganization bankruptcy, it gives you the opportunity to reorganize
your debt into a more manageable payment. In addition, it may provide you up to 5 years
to catch up on missed mortgage payments without being charged additional interest from your
lender. Chapter 13 may also allow you to remove a second mortgage from your home. If you have
two mortgages on your house and your primary mortgage exceeds the current market value
of the property, you may be able to remove the second mortgage in bankruptcy. Once the
mortgage is removed from the property it will be treated like any other unsecured debt in
the bankruptcy process. Fighting a Foreclosure in Florida
Bankruptcy is not the only way to prevent a home foreclosure. At Florida Law Advisers,
P.A., our foreclosure defense attorneys can fight the foreclosure and legally challenge
the lender’s right to foreclose on your home. Our experienced legal team will carefully
scrutinize every aspect of your mortgage to find any potential evidence we can use against
the lender. We will dedicate all of our legal knowledge and skills in the courtroom to help
prevent the foreclosure and keep you in your home. Florida Law Advisers, P.A., our Tampa
foreclosure defense attorneys have years of experience helping people just like you to
solve their financial problems. We understand that these are very difficult times for you
and we are here to help. We have many options available that can help you successfully manage
your debt and regain your financial health. The right course of action will depend on
the unique circumstances of your case. To see which options may be available to you,
contact us to today to schedule a free, confidential consultation with a Tampa foreclosure defense
lawyer. During the consultation, an experienced Tampa foreclosure defense attorney will carefully
review the facts of your case and help you choose a course of action that is best for
your individual needs.