Last Friday I attended a useful and scholarly Continuing Legal Education seminar hosted by the Birmingham Bar Assoc. Local attorney Robert C. Keller spoke for an hour on Automatic Stay Violations and on Lien Stripping in Chapter 13. He did a good job of making the topics clear and relevant to consumer bankruptcy practice. His materials were well researched. I will be scanning it into the research folder.
When missed mortgage payments grow out of control, the home can be saved if a chapter 13 Federal Court protected repayment plan is filed BEFORE the foreclosure sale is held. This will also protect the homeowner from other creditors and restructure those debts.
Once you are protected by chapter 13, be aware that your mortgage escrow payments may rise temporarily, so that the taxes can be caught up. All letters from the mortgage company or from the Court should be opened as soon as they come in the mail because the time to act can be very short.
Brent will meet with you personally at your free consultation.
You have the power to stand up to the big mortgage companies.
Did you know that the Founding Fathers of the United States of America specifically wrote your bankruptcy protections into our Constitution more than 230 years ago? It’s true. You can use a Federal Court protected debt repayment plan to stop home foreclosure, pay back what is behind on your mortgage, keep your car and other assets.