Protect Against Home Foreclosure

With the recent downturn in the economy, millions of people have lost or are about to lose their homes to foreclosure. If you have already lost your home or are at risk of losing your home to foreclosure, bankruptcy may provide a solution to the post-foreclosure financial problems that often arise after a home has been foreclosed upon.

Home foreclosure is a serious issue that can and often does produce long-term negative consequences for debtors. Therefore, obtaining legal representation before the foreclosure occurs is important! You have options, but taking immediate action is always the most cost-effective way to protect your rights. To learn more, contact The Dodds Law Firm in Surprise, Arizona. We are pleased to offer a consultation.

Avoiding Home Foreclosure With Chapter 13 Bankruptcy

Even if you are behind on your payments to your home mortgage lender, Chapter 13 bankruptcy may provide the relief you need to save your home. With a Chapter 13 bankruptcy, you may repay any past-due mortgage debt (with no interest or penalties) over the course of the Chapter 13 debt repayment plan. The length of the typically Chapter 13 Plan is three to five years.

We Solve Debt Problems

Our Surprise, AZ bankruptcy attorneys have helped hundreds of good people in Arizona solve bad debt problems. We can help you too call 623-208-6098 for a debt analysis to learn your options.

Chapter 13 bankruptcy has additional benefits that may provide critical debt relief:

  • You may be able to discharge a significant portion of your unsecured debts. Any amount of your unsecured debt that you show you are unable to pay, and which are dischargeable under the U.S. Bankruptcy Code, may be discharged upon completion of your Chapter 13 plan.
  • You may be able to strip a second mortgage lien and/or home equity line of credit (HELOC) if the value of your home is less than what you owe on your original home loan. The second home loan and/or the HELOC loan can be treated as an unsecured debt and will be discharged upon receipt of your Chapter 13 Discharge.

To be eligible for Chapter 13 bankruptcy, you must have a regular source of income that will allow you to make monthly Chapter 13 plan payments. We can help you determine if Chapter 13 bankruptcy is right for you.

Put An Experienced Bankruptcy Lawyer On Your Side

Our lead attorney Dan Dodds has helped hundreds of clients obtain debt relief by filing for bankruptcy protection. He will take time to work closely with you, understand your debt problems and create a debt relief strategy that is tailored to meet your needs. You will have a strong advocate on your side as a client of The Dodds Law Firm.