Chico Foreclosure Attorney

How Bankruptcy Can Help with Foreclosure

Are you facing foreclosure because you have fallen behind on your mortgage payments? More and more Americans are defaulting on their mortgage payments because of the tough economic times and turning to bankruptcy and other relief measures to avoid losing their home. If you are facing foreclosure, bankruptcy may be the right solution for you. A Chico bankruptcy lawyer at Baker & Farris, Attorneys at Law will take the time to go through your financial situation in detail and determine the best way to defend your home against foreclosure.

A lender will take steps to enforce the terms of your mortgage by trying to sell your house at a public auction and taking payment of your loan out of the auction. A lender will typically seek foreclosure action after you have missed payments for at least two months in a row. Our dedicated legal team will help you decide whether you should pursue alternative measures such as short sale, loan forbearance or a deed in lieu of foreclosure.

Experienced Chico Foreclosure Defense Lawyer

When you decide to file for a Chapter 13 or a Chapter 7 bankruptcy, the court will automatically issue an order that includes an "automatic stay". This forces your creditors to cease any collection activities immediately and effectively postpones foreclosure while the bankruptcy is pending. There are several exceptions to this rule, so it is wise to seek the counsel of an attorney before you proceed. You will be allowed to stay in your home during the entire process of filing for bankruptcy and you will also have more time to figure out a plan.

The talented team of lawyers at our firm is highly skilled in the various foreclosure defense methods, and we fight aggressively to help our clients keep their homes. We understand the stressful nature of this time, and we are here to help in any way that we can.

Contact a Chico bankruptcy lawyer at Baker & Farris, Attorneys at Law today!