Foreclosures & Repossessions

Saving Your Home by Filing for Bankruptcy in Florida

Is the bank threatening to foreclose on your house?

Are you looking for a process that could help you keep your home?

If you are worried that you could lose your home to a mortgage foreclosure, contact the law offices of attorney Michelle Armstrong, P.A., to schedule a free bankruptcy consultation. Since 1995, Michelle Armstrong has helped people just like you save their homes and get back on the road to financial stability through Chapter 13 bankruptcy protection.

When a Florida homeowner falls behind on mortgage payments, the lender can foreclose on the mortgage and sell it at a foreclosure sale. The lender does not have to work with the homeowner to avoid foreclosure and does not have to allow the homeowner to make catch-up payments.

How Chapter 13 Bankruptcy Can Stop Foreclosure

Chapter 13 bankruptcy is a debt repayment plan that the homeowner proposes to the bankruptcy court, and once approved, is used by homeowners to avoid home foreclosure. In order to use Chapter 13, you must have a stable income source and enough disposable income to make the regular monthly mortgage payment and a catch-up payment.

In a Chapter 13 bankruptcy, you pay your mortgage company the regular monthly payment, and a catch-up payment toward the arrears. As long as you follow the plan and make your payments, your mortgage lender cannot bring or continue a foreclosure proceeding. At the end of the plan, all your back payments will have been paid in full and your home will be safe.

You can file for Chapter 13 debt reorganization before or after a foreclosure suit has been served. You can even file just before the foreclosure sale in order to stop the sale.

If you are behind in your payments, cannot work out terms with your lender, and want to save your home, contact the law office of Broward County bankruptcy lawyer Michelle Armstrong, P.A. to schedule a free bankruptcy consultation.

Affordable Fees and Payment Plans: We work hard to make our fees affordable, and payment plans are also available. Chapter 13 bankruptcy fees can usually be paid through the Chapter 13 Plan, with a partial down payment before filing.

We are a federally designated Debt Relief Agency under the United States bankruptcy laws. We help people find solutions to their debt problems, including, where appropriate, assisting them with filing for bankruptcy relief under the United States Bankruptcy Code.