Columbus Foreclosure Defense Attorney
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During your no cost foreclosure defense debt relief analysis with The Columbus Bankruptcy Lawyer Scott Needleman, he will utilize his 30 years of foreclosure defense and bankruptcy experience to analyze your financial situation and create a plan of action to put your financial future back on track.
The Best Foreclosure Defense Attorney in Columbus
Bankruptcy Court for Ohio's Southern District
Foreclosure defense Lawyer coverage area of The Columbus Bankruptcy Lawyer – United States Bankruptcy Court for the Southern District of Ohio
If you find yourself in a bad financial situation, you may soon realize that your mortgage lender has begun the foreclosure process. In short, you are not current on your payments. As a result, your lender is taking the necessary steps towards repossessing your home.
How to Stop Your Home From Being Foreclosed OnFortunately, until your home is actually gone you can still put a halt to foreclosure and prevent your home from being foreclosed on. In Ohio, as well as in other states, one method of stopping foreclosure is by filing bankruptcy.
There are many benefits of talking to a Columbus Bankruptcy Lawyer, including the fact that filing for chapter 7 or chapter 13 bankruptcy in Columbus Ohio brings foreclosure proceedings to a halt. Along with this, you can end the constant harassment from debt collectors, which may include phone calls from your lender.
Will Filing Bankruptcy Stop Foreclosure On My Home?Does this mean anybody who is facing foreclosure can use bankruptcy to their advantage? It is not this simple. For example, if you don’t have enough money to make your mortgage payment, bankruptcy in Columbus Ohio is not the answer. This is not going to lower your monthly payment or help you earn more money.
As noted above, a primary benefit of bankruptcy is the ability to halt the foreclosure process through enactment of the automatic stay. Lenders are not permitted to foreclose or attempt to collect debt until the court permits them to do so.
Using Chapter 7 Bankruptcy to Stop Foreclosure
With Chapter 7 bankruptcy, you can effectively delay the foreclosure process. That being said, this typically leads to the liquidation of most your assets. For this reason, borrowers generally lose their home as a result of a Chapter 7.