Don't make the common mistake of filing for bankruptcy later than you should
If you are one of the many that find themselves in financial difficulties, you likely are feeling large amounts of shame, fear and stress. Although this is normal when faced with a financial crisis, rest assured, you are not trapped in your present situation.
While every situation is different, a Chapter 13 Bankruptcy is usually quite effective for situations where you've fallen behind on your mortgage or other debt payments due to a temporary setback, such as loss of employment or illness, which has since been resolved.
For example, if you are a year behind on your $1,500.00 monthly mortgage payments (i.e., $18,000.00 in arrears), but are now able to resume making regular mortgage payments, then Chapter 13 Bankruptcy can help save your home.
In a Chapter 13, the foreclosure, and even a Sheriff's Sale, will be STOPPED, while you are allowed an opportunity to structure a court monitored re-payment plan which would have you fully caught up on your arrears in a 3-5 year period, while making all of your future payments going forward.
In a Chapter 13, you may even be able to eliminate or reduce some of your other debts or even completely eliminate a second or third mortgage, if you qualify.
Even if all is not well again in your life, financially speaking, Chapter 13 may afford you the opportunity to re-organize your debts, while saving your home at the same time.
Let us examine your particular situation, FREE OF CHARGE, to properly advise you of your available options.