Castle Law Office Blog | Missouri & Illinois Bankruptcy Legal Blog

Foreclosure: What To Tell Your Children

Going through a foreclosure is a very painful process.  In many cases, a Chapter 13 bankruptcy can stop the foreclosure and provide the family a repayment plan and, more importantly, an opportunity to keep their home.  But what if there are no options and the foreclosure is the most prudent thing to do?  This happens in cases where the homeowner was able to get a loan on a property and can no longer afford the payment.  How do you explain to your kids you are losing the only home they have know?

I ran across a blog post on MSN Money Central which discusses how to handle that situation and best explain what a foreclosure means to your child.  The blog post is titled "Talking To A Child About Foreclosure"  If you find yourself in this situation, this is good information you can use to educate your child.

St. Louis bankruptcy attorney James Brown with Castle Law Group has been helping victims of foreclosure to save their homes for over 15 years.  To find out if this is an option for you, request our free book "7 Critical Mistakes To Avoid The Dismissal Of Your Bankruptcy Case" or call for a free consultation at 1-866-570-8484.  Castle Law Office helps families in St. Louis, Missouri and Illinois.