Foreclosure and Bankruptcy
- December 31, 2019
- Admin
- Comments Off on Foreclosure and Bankruptcy
Contact us today at Winsor Law Group to discuss your options for both personal and business bankruptcy relief.
A common story we hear is how a person has fallen behind on mortgage payments because of an unexpected event like illness or losing a job. After trying to get help from the bank in the form of a loan modification, many people are denied a modification on the eve of a foreclosure and have no way of getting enough money to bring the mortgage current. In these cases, a bankruptcy may help.
A Chapter 13 bankruptcy is a case for debtors with regular income. In a Chapter 13 case, a debtor can get caught up on house payments or other debts (including tax debts) over a period of three to five years. A Chapter 11 case can also be used to accomplish the same goal if a debtor has too much debt to qualify for a Chapter 13.
If you have tried to modify your home loan without success and are facing a foreclosure, call Winsor Law Group for a free consultation and learn how we can help save your home.
Contact us today at Winsor Law Group to discuss your options for both personal and business bankruptcy relief.
Disclaimer: This article is for informational purposes only. If you have questions about filing bankruptcy, please fill out our short questionnaire and Winsor & Reed will set up a consultation to see if bankruptcy is the right option for you. We are a debt relief agency. We help people file for relief under the Bankruptcy Code.
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