Louisville and Southern Indiana Foreclosure Attorney

Your home is very important to your identity.  Behind the talk of hearth and home exists a very real sentiment and attachment to your home.  Your family lives there; your friends visit you there.  Perhaps your home has been in your family for generations.  Now you find yourself facing the very real possibility of losing your home.  Don’t panic, but take this seriously.

Oftentimes, unsecured debts such as credit cards or medical bills compromise your ability to make your mortgage payment.  If you find yourself facing the difficult decision of making your mortgage payment as opposed to paying your other creditors, or if you have already missed paying your mortgage payments, filing for bankruptcy is one means to prevent foreclosure.

Filing either a Chapter 7 bankruptcy or a Chapter 13 bankruptcy will stop any home foreclosure action by your lender under the automatic stay provision of the U.S. Bankruptcy Code.  However, you will still have to catch up on your house payments if you want to keep your property.

A Chapter 7 bankruptcy provides relief from other types of debt such as medical bills and credit card bills, and this option may allow you to catch up on your mortgage payments and keep your home.  However, if you are far behind on your house payments, filing a Chapter 13 bankruptcy may be the best choice for you.  Under a Chapter 13 debt repayment plan, you have up to five years to bring your mortgage payments up to date.

To stop your foreclosure today, contact Daniels Associates today at 502.583.8300 or online.