Des Moines Chapter 13 Bankruptcy Lawyer

Sometimes, filing for bankruptcy may seem like the only solution for you to retain your home. If you’re currently facing foreclosure, speak to a Des Moines chapter 13 bankruptcy lawyer about how you can file for Chapter 13 bankruptcy, and continue to make mortgage payments on your home through a repayment plan that lets you retain your home. The bankruptcy lawyers at the Weaver Bankruptcy Law Firm will explain to you how Chapter 13 bankruptcy will help you avoid foreclosure.

Foreclosure? Chapter 13 Bankruptcy can Help

As part of a Chapter 13 bankruptcy filing, you will propose to the court a debt repayment plan, in which you must prove that you have enough income to meet your expenses, and pay off your debt. That includes your mortgage payments. A Chapter 13 bankruptcy halts any foreclosure action on your house immediately.

Once you have presented the repayment plan to the court, and a bankruptcy judge has approved of the plan, you will get a chance to repay the mortgage payments according to the plan over a period of time. You can use the extra time that you get from the moment the stay is announced, to make up your missed mortgage payments.

Your overall debt is also reduced as a result of Chapter 13 bankruptcy, and that frees up money to help you make your mortgage payments and save your home.

Bankruptcy to Avoid Foreclosure

People normally panic when they hear the term “bankruptcy,” and imagine that it’s the end of their life as they know it. That’s not necessarily true at all. In fact, in several cases, like foreclosure, bankruptcy actually provides you feasible options to retain your home, and avoid defaulting on your mortgage.

Speak to a Des Moines chapter 13 bankruptcy lawyer at the Weaver Bankruptcy Law Firm about how you can save your home and avoid foreclosure by filing for Chapter 13 bankruptcy. Call (000) 000-0000 to speak with lawyer at our firm.