With every passing year, we see an increasing number of American families lose their homes to bank foreclosures. There are several reasons why the trend is worsening with time. Some of the major reasons for this includes the economic climate and the subprime mortgage crisis caused mainly by a certain politician who ran Fannie Mae and so on but this is another topic.
Hardworking Americans who are responsible with money may find themselves in such a predicament too and may stand to lose their house.
Even though you are well calculated and responsible with your money, unforeseen events such as an accident, medical emergency, loss of job, etc. may cause you to be submerged in an overwhelming amount of debt. However, what most people don’t know is that even in such a situation, you do have certain legal options which you can use in order to relieve yourself of the financial pressure and still get to keep your house.
This is basically what the process of bankruptcy is meant for. It is an unfortunate yet common misconception that filing for bankruptcy is embarrassing and a sign of failure, while in reality it is a very effective way to stay afloat financially and keep your property and still be able to manage the loans and mortgages that once seemed insurmountable.
We have the legal representative that can help you in this noble goal as well. You cannot fight the tide. It is going to ebb and flow regardless. Let someone who works in this domain help you. Then you can start to regain your life back.
There are several types of bankruptcy, but the some of the main types are:
- Chapter 7
- Chapter 13
- Chapter 11
- Chapter 12
Ceasing the process of foreclosure through Chapter 13 bankruptcy
Chapter 13 bankruptcy is a very useful type of bankruptcy for those burdened by debt and unable to keep up with their monthly payments. If you believe you need to pay too much each time and you simply cannot afford it anymore, then Chapter 13 bankruptcy may just be what you need to file for.
Through Chapter 13 bankruptcy, you have the opportunity to restructure your debt. For example, you could work out a sensible payback plan with the creditor where you pay much smaller installments for a longer time period. This could significantly give you more breathing space in terms of monthly finances and can be a payback formula that is sustainable and you can adhere to.
This way, the creditor will not initiate the process of foreclosure, or if already initiated, they will stop it. You get to keep your house/property too.
Get help and financial freedom today!
Here at USAttorneys.com, you will find a whole list of professional bankruptcy lawyers in DC. They are well versed with the bankruptcy laws in the state and know exactly what will work for you most effectively. The first and most important step you need to take is to reach out for help. And there is nothing wrong with this. Even Abe Lincoln and George Washington needed help at times and look at what they achieved.
We’ve made that task much easier for you. Simply use the interactive map on our site or search through local lawyers’ directory on our home page to gain access to the contact details of legal counselors in your county or neighborhood. It just takes a few clicks to get those phone numbers that you can dial right away and set up a free initial consultation with one of them or more than one of them if you want to do it that way. You deserve financial relief, and we can help you get it!
Should you encounter any issues, you can send us your contact information via the live chat forum so we can call you back. We will also call you back sometime that day, the next day perhaps, if you knock out the free case evaluation form. One of our stellar agents will you help you secure an attorney.
Then you can begin to turn the corner and seek financial redemption.