Los Angeles Foreclosure Protection 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.
To schedule a free consultation with our firm, call 213-550-5090.
How Bankruptcy Could Save You From Foreclosure
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.
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.
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.
The Benefits of Filing Chapter 13 Bankruptcy
The moment you file Chapter 13 bankruptcy, your home, and other properties will be protected under a court-issued “automatic stay.” This order prevents creditors from collecting any debt and can even stop a foreclosure sale.
Other Benefits to Chapter 13 Bankruptcy:
- Stop harassing phone calls from creditors.
- Stop car repossession and loss of other property.
- Third party protection - creditors will not be able to pursue collection activities from co-signers.
- Alleviate credit card debt.
- Stop wage and bank account garnishment.
- Alleviate certain tax debts.
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.
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.