Chapter 13 Bankruptcy can stop mortgage foreclosures!
In most cases, as soon as you file your bankruptcy petition, your creditors must stop all action to collect debts. This includes mortgage foreclosure sales.
Jeffrey A. Goldberg: "I concentrate my practice on helping people save their homes from mortgage foreclosure, affordably using Chapter 13 bankruptcy, for select clients in need in the Albuquerque and Santa Fe, New Mexico areas. I am also available for consumer Chapter 7 cases and I am available to practice in bankruptcy adversary matters of all types. Read Biographical Information
"I make every effort to make my fees affordable to those in need. In order to make my fees more affordable, my practice is different:
- "I don't maintain a business office. I work out of my home and I infrequently meet in person with clients (at their homes or a coffee shop).
- "Most client contact will be by email or telephone.
- "Documents will be transmitted to and from me via email, fax, or regular mail...." Read Fees & Cases for more...
Chapter 13 is a reorganization or debt consolidation. In Chapter 13, you make a monthly payment to the Chapter 13 Trustee for up to 5 years and the Trustee pays your creditors according to the Plan that you propose and is approved by the Court. Chapter 13 allows the curing of mortgage arrears and the restructuring of secured debts so that you do not lose your property.
Chapter 7 is a liquidating bankruptcy which discharges most unsecured creditors. Bankruptcy does not discharge certain debts including student loans, most federal and state taxes, alimony, child support and maintenance, penalties and fines, among others. Property can be sold to satisfy creditor's claims, although in many cases this does not occur.
Find out -- Which do I file: Chapter 7 or Chapter 13? Watch videos on bankruptcy basics.
For bankruptcy litigation (adversary matters) click here to arrange for a free confidential case evaluation: Contact Me.
For Chapter 7 or Chapter 13 bankruptcy cases: schedule a free initial telephone consultation.
