Learn how Chapter 7 and Chapter 13 bankruptcy can help stop foreclosure in Opelika & Auburn, Alabama.
Falling behind on your mortgage can happen faster than you might think. Maybe you lost a job, had unexpected medical bills, or your income just doesn’t stretch as far as it used to. Whatever the reason, facing foreclosure can feel terrifying and overwhelming. The good news is that you still have options.
Filing for bankruptcy can give you the breathing room you need to regain control of your finances and protect your home. At David S. Clark, Attorney at Law, we have helped families in Opelika and across East Alabama understand how Chapter 7 bankruptcy and Chapter 13 bankruptcy can stop foreclosure and create a realistic path forward.
DISCLAIMER: The following blog post is just advice, and you will be better served to call David S. Clark with your bankruptcy questions. This blog contains helpful tips and advice, but is not professional legal advice, and shouldn’t treated as such.
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How Bankruptcy Stops Foreclosure
When you file for bankruptcy, the “automatic stay” goes into effect. This is a legal protection that stops foreclosure immediately. It also pauses creditor calls, repossessions, and wage garnishments.
For many homeowners, this is a crucial time. It gives you a chance to catch your breath, talk with your trusted bankruptcy attorney, and figure out the best way to keep your home.
Chapter 13 Bankruptcy
If you are behind on your mortgage but want to stay in your home, Chapter 13 bankruptcy might be the right choice for you. This type of personal bankruptcy lets you get set up with a repayment plan that lasts three to five years. With this plan, you will make manageable monthly payments that include your past due mortgage amounts.
At the end of your plan, you will be current on your mortgage and can continue making normal payments. This is one of the most effective ways to stop foreclosure and avoid losing your home.
Working with an experienced local bankruptcy attorney makes this process much smoother. They know how local courts and lenders handle these cases and can guide you through each step with confidence.
Chapter 7 Bankruptcy
In some cases, Chapter 7 bankruptcy can also help homeowners who are facing foreclosure. This type of filing can erase other debts, like credit cards ot medical bills, which can help free up money to put toward your mortgage.
While Chapter 7 bankruptcy does not always stop foreclosure permanently, it can delay the process long enough for you to look into other solutions. An Opelika bankruptcy lawyer can help you understand which option fits your specific situation.
Working with a Local Bankruptcy Attorney
Choosing a local bankruptcy attorney allows you to work with someone who understands the laws and your community. They know the lenders, the local economy, and the specific challenges families in Opelika face.
At David S. Clark, we meet clients exactly where they are. We explain your rights in plain language so you will always know what’s happening and what to expect next.
Talk with an Opelika Bankruptcy Lawyer Today
Foreclosure can make you feel powerless, but you have more control than you may realize. Filing for personal bankruptcy is not a sign of failure. It is a legal tool designed to help people get back on track.
If you’re facing foreclosure or struggling to make mortgage payments, talk with an experienced Opelika bankruptcy lawyer before it’s too late. David S. Clark has helped families in Opelika find stability through Chapter 7 bankruptcy and Chapter 13 bankruptcy.
Contact David S. Clark today to schedule a consultation with a trusted bankruptcy attorney and learn more about how personal bankruptcy can give you the time and space you need to save your home and rebuild your future.
DISCLAIMER: The above blog post is just advice, and you will be better served to call David S. Clark with your bankruptcy questions. This blog contains helpful tips and advice, but is not professional legal advice, and shouldn’t treated as such.
