Phoenix Bankruptcy Lawyers Are Here to Help You Avoid Foreclosure

Bankruptcy and Foreclosure Lawyers in Tucson and Other Areas of Arizona

For homeowners, filing bankruptcy does not mean you will automatically lose your house. At wantafreshstart.com in Phoenix, Arizona, we assist our clients with all aspects of a bankruptcy filing, including the important step of saving their house or making the tough but necessary decision of forfeiting a home that has lost its value.

Rates are adjusting and not in favor of the homeowners. Many purchased and continued to refinance their homes, taking advantage of lower interest rates. Equity was taken out to pay off high-interest bills. With more equity taken out came a higher house payment. As interest rates began to rise and home values began to fall, many of our clients were left with a house that was worth less than the mortgage itself. Foreclosure proceedings are usually the end result.

At wantafreshstart.com, we communicate options to our clients related to continuing ownership of their home following a bankruptcy filing. With the filing of a foreclosure must come a date scheduled for sale of the home. If your house is in foreclosure, a bankruptcy filing will stop all actions relating to the potential loss of your home, including the scheduled sale of your home.

A Chapter 13 bankruptcy will allow you to take your past-due mortgage payments and include them with your other debt that is paid back in a payment plan to the trustee. There is usually a legal solution through bankruptcy to any credit issue. Let us help you find and use the right bankruptcy law.

For more information or to schedule an appointment with an experienced bankruptcy attorney regarding avoiding foreclosure of your home and the filing of bankruptcy, please contact us.

To learn more about bankruptcy, please visit our Bankruptcy FAQs.