Law Office of
Bardsley and Gray

The one guaranteed method to stop a foreclosure in its tracks, is to file a Chapter 13 Bankruptcy Case. Essentially, upon the filing of this type of bankruptcy case, all creditors, including the mortgage lender, are immediately stopped from collecting on any debt, including foreclosing on your home. If necessary, this case can be filed right up to and including the minutes before foreclosure. This case will allow you up to 60 months to repay your mortgage, so long as you maintain future mortgage payments. Thus, for example, if you are $15,000.00 behind on your mortgage, this case would allow you to catch up with a monthly bankruptcy payment of approximately $275.00. It should be noted that it is quite possible to get out of bankruptcy earlier than 60 months. Further, not only will this type of bankrutpcy case save your home, the case may also allow you to discharge unsecured debt (i.e. credit cards, medical bills, etc.) for pennies on the dollar. These are complex, powerful and effective cases. There are other considerations which would prompt one to file a chapter 13 bankruptcy case. Again, having the right attorney, one whom you trust and with whom you can comfortably work, makes all the difference.