You can save your home in Petaluma from foreclosure. Our Petaluma bankruptcy attorney can file an emergency chapter 13 bankruptcy petition to stop the Trustee’s sale. Through chapter 13 bankruptcy you can repay delinquent mortgage payments over 3 to 5 years to bring yourself out of default. Once repaid, you will be current on your home mortgage and no longer at risk of foreclosure. To file an emergency chapter 13 bankruptcy petition, or to learn more during a free consultation, call our Petaluma bankruptcy lawyer at (707) 362-4166.
You Can Stop Foreclosure Today
One of the most powerful aspects of chapter 13 bankruptcy is its ability to stop the Trustee’s sale right away. Federal law states that when a bankruptcy petition is filed foreclosure proceedings must stop. For example, if our Petaluma bankruptcy lawyer files your chapter 13 bankruptcy petition on Thursday, the Trustee’s sale scheduled for Friday cannot continue. Accordingly, you can stop an impending foreclosure sale today by calling our attorney and requesting an emergency bankruptcy filing.
Chapter 13 bankruptcy is also unique in that you can repay delinquent mortgage payments over 3 to 5 years. In chapter 13 bankruptcy our attorney can force your lender to participate in 3 to 5 year repayment plan. Through the repayment plan you will catch up on your home mortgage and bring yourself out of default. Once completed, your home will no longer be at risk of foreclosure because you will not be in default on your home loan.
It’s Not A Magic Wand
Chapter 13 bankruptcy is not easy, but it is effective. Our attorney can usually file an emergency bankruptcy petition the same day you call. However, more work will follow for both you and our attorney. Our attorney will draft a chapter 13 repayment plan and go through the procedure to get it confirmed by the court. You will need to make scheduled payments over the course of the 3 to 5 year repayment period in order to complete the plan.
To learn more about saving your home from foreclosure call our attorney for a free consultation.