In light of the current health crisis, we are happy to offer free telephonic consultations. Should you choose to retain our services, we can easily handle the bankruptcy process via telephone and email. We hope that everyone remains safe and healthy during these unprecedented times.
Bankruptcy Attorneys Serving Southern California
Foreclosure Protection

Los Angeles Foreclosure Attorney

Experienced, Dedicated Foreclosure Defense

Our lawyers at Wadhwani & Shanfeld are committed to helping clients protect their homes against foreclosure. Countless Americans lose their homes to foreclosure each year, and California sits near the top of the list with the second-highest foreclosure rate in the nation. We see what kinds of financial and emotional hardship the threat of foreclosure can impose on a family, and our goal is to help you keep one of your most valuable assets.

Ways to stop foreclosure can include:

  • Filing for bankruptcy
  • Loan modification
  • Reinstating the mortgage by paying off past due payments
To schedule a free consultation with our firm, call 213-550-5090.

How Bankruptcy Can Stop Foreclosure

Once you file a petition for Chapter 13 bankruptcy, an “automatic stay” immediately goes into effect, which prohibits lenders from moving forward with foreclosure proceedings while you work on catching up with mortgage payments.

If you’ve been threatened with foreclosure, Chapter 13 can be a viable solution to keep your home through reorganization of the payments you’ve fallen behind on. Chapter 13 bankruptcy, also called reorganization bankruptcy, you can eliminate mortgage debt, (along with other debts), by organizing set payments for a set period. These payments typically last between 3-5 years. Over the duration of the payment plan, most Chapter 13 bankruptcy filers pay only a fraction of their overall debt.

Wadhwani & Shanfeld has helped more than 20,000 people suffering from overwhelming debt and threats of foreclosure, so we know what types of defense strategies work best. One of the most successful defense strategies against foreclosure is filing Chapter 13 bankruptcy. If you think Chapter 13 bankruptcy might be right for you, our attorneys can review your economic situation and create a custom plan to reflect your financial needs and goals.

After a Foreclosure, Do I Still Owe Money?

If the lender is not able to sell at the full value of the loan, you may still owe the difference. Lenders may be able to request a deficiency judgement to pursue the remaining cost. If your home sells for above what you owe, then you do not owe money after the foreclosure.

However, in California, most homeowners will not have to pay a deficiency judgement. There are special circumstances in which you may need to pay a deficiency judgment.

What Happens to My Second Mortgage?

It’s not uncommon for homeowners to have second mortgages. Bankruptcy law allows second mortgages to be treated as unsecured debt. Resolving second mortgage debt can be tricky, so enlisting the help of an experienced bankruptcy attorney can advise you of your options and the best plan of action for second mortgage debt.

Choose Wadhwani & Shanfeld

Our firm has handled thousands bankruptcy cases during our 65 years of practice, including Chapter 7 and Chapter 13 cases, and we want to help you too. We are dedicated to pursuing the finest results for our clients, and we use practiced debt relief strategies to do so. No case is too complex and no debt is too large; trust our committed bankruptcy lawyers to help you.

See what our clients have to say about working with us:

Contact Wadhwani & Shanfeld to schedule a free consultation with our Los Angeles foreclosure defense lawyers.

Client Testimonials

We've Helped Over 20,000 Satisfied Clients
  • “Very professional, helpful. Would recommend to anyone.”

    - Jose Portillo
  • “5 stars very very helpful. walked me through filing .”

    - Joan Bevis
  • “Very professional, easy process and always available to answer questions, Thank you”

    - Ikram Kacem Nsiri
  • “Wadhwani & Shanfeld was very professional and always answered my questions. We are so grateful for them.”

    - Christopher & Jillian West
  • “I very much liked Raj and his staff and I would give them 100 stars if possible. I was kept informed and very happy with the end results. Thanks again...Steve”

    - Stephen Grossman
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Why Choose Wadhwani & Shanfeld?

The Right Attorney Can Make A Difference
  • Invaluable Bankruptcy Insight

    Attorneys Raj Wadhwani and Greg Shanfeld are Board-Certified Bankruptcy Specialists who leverage their insight on behalf of clients. 

  • Hands-On Guidance

    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.

Begin Putting the Pieces Back Together

If you're struggling with debt, the most important thing you can do is hire the right attorney. At Wadhwani & Shanfeld, we have successfully filed over 12,000 bankruptcy cases and helped over 20,000 people get back on their feet.