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Bankruptcy and Foreclosure Defense

Posted on in Bankruptcy Attorney

In some situations bankruptcy and foreclosure defense can be used together to create the best option for borrowers. There several reasons why the a one-two punch works well. For example, regardless of whether the mortgage is for a primary residence or an investment property, the filing of a chapter 13 bankruptcy will stop foreclosure proceedings. Also a chapter 13 bankruptcy can allow a borrower to pay their monthly mortgage payment and repay the arrearages over either a 3 or 5 year plan. A chapter 13 bankruptcy can also be used to discharge any unsecured debt and can help obtain a loan modification. If you believe that a chapter 13 bankruptcy may be a viable option, you should contact an attorney that handles bankruptcy.

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