A foreclosure threat on your home is not only scary and overwhelming, but is emotionally devastating for you and your family. You may wonder if there is anything you can do to delay or completely prevent the situation. Before you take any additional action or make a rash decision, call a lawyer. It may be possible to stop foreclosure with a bankruptcy attorney. Lawyers are wellversed in foreclosure proceedings and will provide advice about how to postpone foreclosure with a Chapter 7 bankruptcy. Filing Chapter 13 bankruptcy may also allow you to keep your home.
Foreclosure does not happen overnight. It occurs when you fail to make mortgage payments on time over time and usually takes several months to be completed. Use this interval to carefully evaluate your options and attempt to meet your mortgage commitment if at all possible. It may be necessary, however, to file bankruptcy to relieve this debt.
Filing bankruptcy automatically requires all your creditors to temporarily cease collection attempts. If this happens, foreclosure may be delayed.
If you are determined to keep your home, your best option is to file Chapter 13 bankruptcy. With this decision, you can set up a payment plan to pay off your amount in arrears. Note that you will pay the amount past due at the same time you pay for what is currently due.
For knowledgeable guidance about foreclosure and bankruptcy, speak with an experienced lawyer who specializes in these legal situations. Call or text Teague & Associates, LLC, today at
(314) 899-4499 to learn more about how you can stop foreclosure with a bankruptcy attorney. We are ready to help you.
CONTACT INFO
2536 South Old Highway 94
Suite 222
St. Charles, MO 63303
720 N. Hwy 67
Florissant, MO 63031
*By Appointment Only
Call us: (314) 899-4499
CONTACT US
Phone: (636) 244-5277 | Fax: (636) 244-5279
Two Locations to Serve You
Business Hours: Monday - Friday: 9:00 AM - 4:30 PM | Saturday & Sunday: Closed
Phone: (636) 244-5277
Fax: (636) 244-5279
Business Hours:
Monday - Friday: 9:00 AM - 4:30 PM
Saturday & Sunday: Closed