Bankruptcy can save your house from foreclosure

CNNMoney.com produced an article explaining about how bankruptcy can help individuals save their homes from foreclosure through a Chapter 13 bankruptcy.  The article commented that bankruptcy can bring foreclosure proceedings to a halt, end harassment from debt collectors, and give borrowers time to make up missed payments and reorganize their finances.  In some cases, bankruptcy can also help mortgage borrowers save their homes permanently, the article noted.

The article quoted a N.Y. attorney as saying, “It’s the best tool there is for people behind in payments but who have ongoing income…those who had been making payments and who could be making payments again.”

The article noted that the first thing a bankruptcy filing accomplishes is to stop the foreclosure process.  Lenders can’t foreclose or even try to collect debt until permitted to do so by the court.

Contact Our Texas Bankruptcy Law Firm For Help Today

If you’re facing bankruptcy in Texas, we’re here to help. Contact the experienced bankruptcy lawyers at Pelley Law Office, L.L.P., today to schedule a free consultation.

We proudly serve Plano, Dallas, Sherman, and the surrounding areas.

Pelley Law Office L.L.P. – Plano Office
Address: 1312 14th St, Plano, TX 75074
Phone: (972) 608-0335
Hours: 24/7

Our firm is located near you. Find us with our GeoCoordinates: 33.0180322,-96.6952916,863

Pelley Law Office L.L.P. – Sherman Office

Address: 905 N Travis St, Sherman, TX 75090
Phone: (903) 813-4778
Hours: 24/7

Our firm is located near you. Find us with our GeoCoordinates: 33.6445846,-96.6113141,857