Castle Law Office Blog | Missouri & Illinois Bankruptcy Legal Blog

Are There Lawyers That Specialize in Foreclosure?

There sure are. They are the same lawyers that practice bankruptcy. A chapter 13 bankruptcy actually stops a foreclosure dead in its tracks. How? As soon as you file chapter 13 bankruptcy, an order called an “automatic stay” is issued.
While an automatic stay can do many wonderful things for you, in the event of a foreclosure, it stops your lender from moving forward with the sale of your house.

While a chapter 13 bankruptcy can help you save your home, chapter 7 can still help you if you have chosen not to keep it. Filing a chapter 7 can hold up a sale to give you time to take care of the rest of your debt—and find another place to live. It also will eliminate any deficiency balance due if the house sells for less than what is owed. In most cases, it lets you save money by eliminating your debt—even the debt tied to your home.

There is more than one way to put your life back together after a foreclosure. You can make an appointment with us today and start saving yourself and your family from foreclosure.