Can Bankruptcy Stop Foreclosure?

If you're facing foreclosure, you might be wondering if bankruptcy can help. The answer is maybe. It depends on what type of bankruptcy you file and what your goals are.

If you file Chapter 7 bankruptcy, it will stop the foreclosure process for a while. But, unless you can come up with the money to pay off the mortgage, the lender will eventually foreclose.

Chapter 13 bankruptcy stops foreclosure immediately. In a Chapter 13, you propose a repayment plan to the court and make payments to your trustee who then pays your creditors, including your mortgage lender. If you stick to the repayment plan, your home is safe from foreclosure.

The Law Offices of Omar Zambrano has helped thousands of people and businesses in the past to get out of debt and start over.

Our goal is to help you find a fresh start FAST!

Schedule your free consultation today! By Calling 626-338-5505 or visiting us at 12738 Ramona Blvd Baldwin Park CA 91706