Bankruptcy and Foreclosure Prevention
When facing the foreclosure of your precious home, there are a variety of options you can explore to prevent this from happening. Up until the day upon which your house is scheduled to be sold, you may still be able to stop its foreclosure. To make the most of the time available to you and learn of all legal avenues at your disposal, contact a knowledgeable foreclosure defense attorney of Eric N. Klein & Associates, P.A., at 561-353-2800.
Can I Halt Foreclosure by Filing Bankruptcy?
Yes, you can halt the foreclosure of your home by filing bankruptcy up until the scheduled date of sale. There are certain requirements you must meet in order to pursue this course of action, however. You must:
- Have a monthly income that can cover your bills and expenses
- Have enough income left over to make your mortgage up-to-date within 5 years
- Undergo debt counseling before filing
Thus, it would not be a good idea to wait until right before the sale date to make the decision to file for bankruptcy. If you wait this long, you may not have the time to fulfill all the filing requirements.
Contact an Experienced Foreclosure Defense Attorney
If you are having financial difficulties and are worried that you might lose your home as a result, it is strongly advised that you seek legal help from a knowledgeable foreclosure defense attorney. Contact the Law Offices of Eric N. Klein & Associates, P.A., at 561-353-2800 for a free and confidential evaluation of your case.
