If your are behind on your mortgage payments or there is
a pending foreclosure, you need to call right away for a
free consultation. Time is of the essence. Do not delay.

There are two major ways Bankruptcy can help you save your home.



Filing Bankruptcy will stop a pending foreclosure. This is the Automatic Stay that
holds the creditors at bay while you have a chance to organize your finances and pay
your creditors. If you wish to keep your home, you will need to get caught up on
your arrears. Chapter 13 helps with that. A Chapter 13 can spread payments on your
arrears over 36 to 60 months, however, you still need to pay your monthly payment.
In addition, if your mortgage payments are too high, bankruptcy may be able to help
you with that.


If the value of your home has dropped below what you owe on your first mortgage,
it may be possible to eliminate your second mortgage, line of credit or HELOC.
Let’s take an example – say the value of your home is $450,000.00, your first mortgage
is $500,000.00 and your second mortgage is $125,000.00. In a Chapter 13, we may be
able to eliminate the $125,000.00 and you will only make payments on the first mortgage.

If you are having problems with your mortgage payments, please call today for a free
consultation to see if Bankruptcy will help. It will be better for you the sooner you know
your options.


Call 408 720 1709  Email william.parkslaw@gmail.com