Stop Home Foreclosure
As a result of the recent downturn in the economy and the predatory lending practices of many lending institutions, record numbers of people are losing their homes to foreclosure. The number of home foreclosures continue to increase, even with recent government strategies.
If you are at risk of losing your home, take action. Contact a bankruptcy attorney who may be able to help you avoid a home foreclosure. If you are behind on your mortgage payments or have received a foreclosure notice from your mortgage lender, contact the experienced bankruptcy attorneys at the Pray Law Firm in North Little Rock, Arkansas.
Emergency Assistance Available
If your home is in immediate danger of foreclosure, we have the ability to act quickly on your behalf to protect your home. We handle emergency filings for clients who are in danger of losing their house. In some cases, we can file in a matter of hours if the client does their part and is ready to proceed.
Chapter 13 Bankruptcy
We help clients avoid a home foreclosure by filing for Chapter 13 bankruptcy. A Chapter 13 bankruptcy is for people who have a regular income and the ability to make home mortgage payments. Through a Chapter 13 bankruptcy, people are able to obtain additional time to get current on late payments.
The Automatic Stay
From the moment we file bankruptcy on behalf of a client, an automatic stay is created which bars mortgage lenders from further collection activity, including foreclosure.
A Debt Repayment Plan that Protects Your Property
People are often intimidated by bankruptcy because they fear they will lose all of their property. This simply is not the case with Chapter 13 bankruptcy.
A Chapter 13 bankruptcy is different from a Chapter 7 debt liquidation bankruptcy. A Chapter 13 bankruptcy is a debt repayment plan that is ordered by a bankruptcy court judge. Through a Chapter 13 bankruptcy, you may be able to stop a home foreclosure, get additional time to repay your debts, discharge a portion of your debts and keep your property.
Contact Us
To schedule a free consultation with a bankruptcy lawyer at our firm, call 501-588-7044, or contact us toll-free at 888-864-7033.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.
