Though most people are able to overcome their debt without court intervention, some people face problems with debts because of the loss of a job or injury. When a person has done all they can to pay off their debts and avoid collections, they may still fall short of being successful. When someone is facing more debt than they can handle, they have the right to pursue help by contacting a lawyer. This is especially important when they are facing foreclosure in Glendale, AZ. With the help of a lawyer, a person can learn the steps they need to take so they can avoid foreclosure and keep their home.
When a foreclosure is imminent, a homeowner has options that can help them to avoid the process. Homeowners need to be proactive and contact a lawyer to receive legal guidance for foreclosure in Glendale, AZ. The sooner a lawyer is contacted, the faster plans can be put in place to prevent the mortgage holder from pursuing foreclosure.
The main way to stop foreclosure is to file for chapter 13 bankruptcy. This type of bankruptcy allows a person to prevent their creditors from pursuing them in any manner while they are under the protection of bankruptcy. To determine whether or not a person’s debts are eligible for chapter 13 bankruptcy, it is imperative a person calls for a consultation appointment right away.
Chapter 13 can stop the foreclosure process in its tracks and prevent a company from repossessing a car. During the bankruptcy period, which is usually two to five years, the homeowner is given a schedule of monthly payments that must be paid through the court. This amount is dispersed among those creditors the person owes, so their debt is paid down. As long as they are current with their mortgage at the end of the bankruptcy, the home is no longer in danger of foreclosure.
To find out if chapter 13 can save your home, visit the site at Azdebtfree.com. Attorney Asheton B. Call will be happy to help guide people in making a decision on whether or not they should file for bankruptcy so they can avoid foreclosure.