How to Stop Foreclosure
The thought of losing your home is terrifying. If you are struggling to meet your financial obligations and have fallen behind on your mortgage, you may be facing foreclosure proceedings. The federal bankruptcy laws can help you stop foreclosure so that you get time to put your financial affairs in order and get a fresh financial start.
An experienced bankruptcy attorney can help you evaluate your opportunities and take the right steps to protect your home.
Caring and Sympathetic Attorneys: Protecting Your Home
At Gingold & Gingold LLC, we know that facing the loss of your home is one of the most difficult things you can experience. We have the skills and knowledge to help you avoid this devastating loss. Ira D. Gingold has served as a court-appointed Bankruptcy Trustee from 1971-2013 and bankruptcy attorney since 1971, and Jamie L. Gingold brings an extensive background in bankruptcy, business and real estate law to each case.
We built our successful bankruptcy practice with an emphasis on caring for our clients with personal service and careful attention throughout the legal process. When you hire us to help you stop foreclosure through bankruptcy, you will work directly with one of our bankruptcy lawyers throughout the process.
How to Stop Foreclosure — Bankruptcy Attorneys
Under the bankruptcy laws, once you file a petition, an automatic stay goes into effect. Under the automatic stay, your creditors, including mortgage lenders, cannot call, write or take legal action against you. The automatic stay prohibits the lender from starting a foreclosure action and stops any proceedings that have already begun.
At Gingold & Gingold LLC, we have a comprehensive understanding of mortgage foreclosure laws and how bankruptcy can stop foreclosure proceedings. We will help you, whether you seek to discharge, or wipe out, debts under Chapter 7 or repay your debts under Chapter 13.
Stripping Second Mortgages
Do you owe more on your first mortgage than your home is worth? If so, you could be eligible to “strip” away a second mortgage or any other junior lien by filing for Chapter 7 or Chapter 13 bankruptcy. Is this option right for you? We are ready to discuss your eligibility and answer any questions you might have today.