Foreclosure in Lancaster
Lancaster Bankruptcy Lawyers – 661-214-3950
Perhaps the most frightening aspect of falling far behind on debts and necessary payments is the possibility of losing your home to foreclosure. At Wadhwani & Shanfeld, our Lancaster bankruptcy attorneys are adamant about doing everything in our power to help our clients protect and keep their homes due to overwhelming debt or a pending bankruptcy filing. Everyone’s bankruptcy case is different from the next and so will be the options available to prevent foreclosure. To learn about what you can do, you will need to speak with our team first.
Call (800) 996-9932 to get a free and personalized case review.
Chapter 13 Bankruptcy & Foreclosure in California
Saving your home from foreclosure should be a priority. In order to take quick and effective action, you may be able to utilize a Chapter 13 bankruptcy filing. When most people think of bankruptcy, they imagine losing all of their possessions to completely discharge all debts. A Chapter 13 bankruptcy acts much differently in that it reduces and reorganizes debts and missing payments in a way that jeopardizes far less personal property, including your house.
Chapter 13 bankruptcy protects your home by:
- Creating an automatic stay that pauses all foreclosure sales until further notice.
- Potentially erasing second mortgages by turning it into unsecured debt.
California’s current caps – circa April 2016 – are $394,725 in unsecured debt and $1,184,200 in secured debt. If your debt has not reached above either of these limits, then a Chapter 13 bankruptcy filing might be the first option to consider to prevent foreclosure. Keep in mind that Chapter 13 can also minimize other types of debt and make them easier to pay off, increasing the chances of you avoiding mortgage debt in the future with careful planning and steady income.
65+ Years of Bankruptcy Law Experience On Your Side
Our bankruptcy attorneys in Lancaster know how much is on the line when you are facing foreclosure. Your home is not just where you hang your hat, it is your sense of security and peace of mind. Let us be the team that helps you through this trying time by reviewing Chapter 13 bankruptcy. If you do not qualify for Chapter 13, there may be other legal solutions to stop foreclosure. You just have to contact our law firm to find out.
Would you like to know more? Dial 661-214-3950 at your first opportunity.
Invaluable Bankruptcy Insight
Attorneys Raj Wadhwani and Greg Shanfeld are Board-Certified Bankruptcy Specialists who leverage their insight on behalf of clients.
Our legal team does all of the work for you, including filing paperwork, keeping track of deadlines, and providing protection from creditors.
Experience Where it Counts
Our attorneys have over 65 years of collective experience helping clients in a broad range of bankruptcy and debt settlement cases.
A Prolific Record of Success
Our firm has successfully helped more than 20,000 people put the pieces of their lives back together after a bankruptcy.