Our attorneys at Wadhwani & Shanfeld know what is at stake if your home is threatened by foreclosure. We have handled more than 15,000 individuals in the midst of a financial crisis, and we have successfully filed over 10,000 bankruptcy cases. The level of skill and understanding we possess regarding debt resolution and foreclosure defense can benefit you and your family tremendously. Our attorneys are dedicated to creating custom plans for each of our clients in order to address your specific financial situation and goals.
To schedule a free consultation with our firm, call (800) 996-9930.
If your home is facing foreclosure, we want to help. Foreclosures can be extremely difficult to deal with on both an emotional and a financial level. California has the second-highest foreclosure rate in the nation, with nearly 80,000 homes foreclosed between April 2012 and 2013. This problem affects Americans from every walk of life, and it is important to know that if it happens to you, help is available.
When you are unable to make the payments on your mortgage, it is important that you act fast to protect your home. Our attorneys at Wadhwani & Shanfeld can review your financial situation and build a customized solution to fit your needs.
Using Chapter 13 Bankruptcy to Avoid Foreclosure
When facing a financial crisis, bankruptcy could be a suitable option. If you are at risk of losing your home in foreclosure, you might consider filing for Chapter 13 bankruptcy to retain your home and get out from under your debts. Through Chapter 13 bankruptcy, you can reorganize your mortgage debt and make managed payments over a 3-5 year period.
Immediately after filing Chapter 13 bankruptcy, the court will issue an “automatic stay.” This will prevent creditors from collecting any debt or making any foreclosure sales. If you choose to file Chapter 13 bankruptcy, you may also be able to eliminate your second mortgage by treating it as unsecured debt.
Trust Our Experienced Attorneys at Wadhwani & Shanfeld
If you are looking for an alternative to foreclosure, we may be able to help. Our firm has a great deal of experience helping individuals and families who are buried under extreme debt. We pride ourselves in our ability to create financial plans specific to the needs of each client, whether that means filing bankruptcy, making a debt settlement, or finding another means of debt relief. Whatever your situation, our attorneys can review your finances and help you protect your home and secure your future.
Contact Wadhwani & Shanfeld to schedule a free consultation with our Palmdale bankruptcy lawyers.