Fighting Foreclosure Through Bankruptcy

One of the scariest things for many people struggling with debts is the thought of losing their homes to foreclosure. Falling behind on your expensive mortgage can seem like an impossible hole to dig out of, but there are options — one of which is filing for bankruptcy.

An experienced bankruptcy attorney can give you the tools you need to avoid foreclosure. At the law firm of Vail A. Kaufman, P.A., we have helped struggling homeowners throughout Prince George's County and suburban Maryland fight foreclosure for more than 25 years.

Call our office in Greenbelt today at 301-850-2470 to schedule your free consultation.

Which Chapter Should I File?

Unfortunately, many people think that by filing for bankruptcy they will have to give up their home. Nothing could be further from the truth. If you want to hold onto your home and take some time to catch up on back mortgage payments, filing for Chapter 13 bankruptcy may be the right fit for you.

While your regular mortgage payments will not be consolidated into your monthly payment as part of your bankruptcy filing, the mortgage arrears will be paid over time through the bankruptcy process. Creditors, including your mortgage company, cannot take any action against you while you are under bankruptcy protection. That means you can use your bankruptcy repayment time to catch up on your mortgage payments. You may also continue any mortgage modification process with your lender.

While a Chapter 7 bankruptcy filing will also initiate an automatic stay against creditors, the process is completed much quicker than a Chapter 13, and the discharge acts as a permanent injunction against your creditors from taking any action against you to collect on the debt. After a Chapter 7 bankruptcy filing, payments to any secured creditors, such as your mortgage or car loan, must continue to be made or the property may be lost.

An attorney like Vail Kaufman — who has guided countless people through the bankruptcy process — will treat you with the respect you deserve. He understands the myths surrounding bankruptcy and why many people are scared of this option. He will take the time to talk through your concerns and understand why this may be the right option for you.

Call Our Law Firm To Learn More About Keeping Your Home

Here in PG County and throughout the area, far too many people have lost their homes due to a sluggish economy. For help fighting foreclosure, call our law firm today at 301-850-2470 or 800-724-1621 or contact us online to schedule a free consultation with an experienced bankruptcy lawyer.

We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.