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 (800) 996-9930.
Chapter 13 Bankruptcy as Foreclosure Defense
Wadhwani & Shanfeld has helped more than 15,000 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.
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.
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.
Choose Wadhwani & Shanfeld
Our firm has handled more than 10,000 bankruptcy cases during our 40 years of practice, 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.
Contact Wadhwani & Shanfeld to schedule a free consultation with our Los Angeles foreclosure defense lawyers.