Stop Foreclosure

How Bankruptcy Can Stop Foreclosure

If you have received a notice of foreclosure, you should speak with an attorney as soon as possible. Until the house is sold at auction, you will have the opportunity to file for bankruptcy and put a stop to the proceedings.

Don't lose your house without taking action first.

I'm Ben Sissman, a Memphis, Tennessee, attorney with more than 30 years of experience helping clients deal with bankruptcy, foreclosure and debt. If you are facing foreclosure, it never hurts to call and find out what I can do to help you. Call 901-730-4958 or contact my office online to schedule a free initial consultation.

Foreclosure, Bankruptcy and the "Automatic Stay"

When you file for Chapter 7 or Chapter 13 bankruptcy, the judge immediately issues an automatic stay, which is an order telling all of your creditors to halt their efforts at collections. This includes the bank's effort to foreclose on your house. When the foreclosure action has been halted, you can do whatever needs to be done to catch up on your mortgage payments.

Understand, you cannot discharge your mortgage debt. You will have to pay for the house so long as you continue to own it. But you can discharge other debts and restructure your payment plans, allowing you to catch up on your back payments. If you can't afford your mortgage payments even after restructuring your other debts, you may have to think about moving into a new house or apartment.

I will help you look at the "big picture," putting your problems in perspective so that you can fully understand all the tools and options at your disposal. To schedule a free initial consultation, call me today at 901-730-4958 or contact my office online. I usually answer my own phone and I look forward to speaking with you.