CNN/Money Talks About Bankruptcy Filing And Foreclosure

San Diego Foreclosure Attorney – Save Your Home.

As we have been saying for quite some time that the help of a San Diego foreclosure attorney may be your best bet if you are facing a foreclosure or default.  But now, the writers of CNN/Money are confirming the benefits that we have know for years.

We welcome you to see what our clients are saying about us.

The article highlights some of the benefits of a Chapter 7 or Chapter 13 bankruptcy as well as some of the things to avoid if you are facing a foreclosure.

A San Diego bankruptcy filing will help if you are able to make your payments going forward.  Chapter 7 or Chapter 13 is for people who have a steady stream of income but have fallen behind on their payments for one reason or another.  In order to save your home, there are certain things you should know about filing bankruptcy in San Diego.

First, a Chapter 7 will generally not save your home but what is does is provide you time to make up payments.  During the time before your discharge, all foreclosure proceedings will have stopped giving you time to save money and assess your situation.

A Chapter 13 allows you to catch up on your past delinquent payments while continuing to make payments going forward.  As soon as you file your bankruptcy petition, the bankruptcy court issues an “automatic stay.”  The automatic stay prevents all further collection action by your creditors.

There are many advantages to filing Chapter 7 or Chapter 13 that you should discuss with an experienced lawyer.  Our team of San Diego foreclosure attorneys are ready to help you get the fresh start you deserve.  Call our office today at 619.615.0767 or visit our other websites at San Diego Foreclosure Attorney, Orange County Foreclosure Lawyers or Riverside Foreclosure Attorneys.

You can read the entire CNN/Money report here: http://money.cnn.com/2010/07/21/real_estate/bankruptcy_and_foreclosure/index.htm

Related posts:

  1. Watch Out For HOA Fees When Facing A San Diego Foreclosure
  2. How Chapter 13 Bankruptcy Can Stop A San Diego Foreclosure
  3. You May Be Able To Modify Your Mortgage In A Chapter 13
  4. San Diego Bankruptcy Attorney: San Diego Foreclosures and Bankruptcy
  5. Personal Bankruptcies Hit An All-Time High, No Relief In Sight
One Response to CNN/Money Talks About Bankruptcy Filing And Foreclosure
  1. [...] a consumer gets a Notice of Default or Notice of Sale, it undoubtedly gets their attention. The astute consumer will immediately call an experienced San [...]

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