Stopping Foreclosure Through Bankruptcy
Falling behind on mortgage payments is stressful for any homeowner. Hardworking people take pride in their home. When debts, including the house payment, become cumbersome, it can be easy to miss payments here and there. When foreclosure looms, many homeowners may not know where to turn to save the home.
It is important to note that filing bankruptcy immediately puts a halt to most debt collection efforts. That means that filing bankruptcy will stop foreclosure in its tracks and may allow you the opportunity to save your home. No two households have the same identical issues. For that reason, we are committed to providing a full debt and legal analysis for every client to prepare the best strategy to obtain personalized debt relief solutions.
A Full-Service Debt Relief Law Firm
At Giddens & Gatton Law, P.C. in Albuquerque, our lawyers have substantial experience in real estate law, personal bankruptcy law and creditor law. We draw on the knowledge and experience in these inter-related disciplines to help people throughout New Mexico solve their debt and mortgage problems. Our holistic debt-relief services can be your advantage when facing foreclosure.
Bankruptcy, Workouts And Mortgage Modification Strategies
In many situations, if a person has a regular income, it may be possible to save the home from foreclosure through a Chapter 13 bankruptcy reorganization. You may be able to make up past due mortgage payments in a Chapter 13 payment plan.
In other situations, filing Chapter 7 bankruptcy may provide time to create a workout or mortgage modification with the mortgage provider to save the home, while other unsecured debts are discharged. Often, relieving massive credit card and other unsecured debts allows individuals or married couples to regain control to afford the home mortgage again.
Call To Request Your Free Consultation
To learn more about how our attorneys can help you to understand the legal options you may have in the face of foreclosure, call 505-273-3720 or send us a message online. You will meet directly with one of our experienced bankruptcy attorneys at your first consultation. Our office is located in Albuquerque and we handle bankruptcy cases throughout New Mexico.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.