Protect Your Home
According to a report by U.S. News and World Report, there will be more than one million home foreclosures in 2009 if the current pace of home foreclosures continues. Tragically, many of the people who lose their home to foreclosure could have kept it if they had contacted an attorney.
Through a Chapter 13 bankruptcy, you may be able to stop a home foreclosure. Even if your home mortgage lender has started the process of home foreclosure, our law firm may be able to help. To speak with a Utah bankruptcy attorney, contact the law office of Theron D. Morrison in Ogden, Utah. To schedule a free consultation, call 801-528-4883.
Chapter 13 Bankruptcy
If you are late on your home mortgage payments, do not bury your head in the sand. Your problem will not go away unless you take action.
Our law firm has helped many clients throughout Utah find solutions to difficult debt challenges. Through a Chapter 13 bankruptcy, you may be able to put a stop to a home foreclosure.
From the moment we file bankruptcy on behalf of a client, an automatic stay is created that bars further collection activity, including collection calls, wage garnishments and home foreclosure.
Will I Lose My Property?
In a Chapter 13 bankruptcy, you do not lose your property to liquidation. A Chapter 13 bankruptcy is a debt repayment plan that is created by an order of a bankruptcy court. If retained to handle your case, we will create a three- or five-year debt repayment plan in a Chapter 13 bankruptcy to give you additional time to catch up on your late mortgage payments.
In addition to protecting your home, a Chapter 13 debt repayment plan may allow you to stop an auto repossession. If your plan is approved by the court, your creditors must abide by the terms of the debt repayment plan that is made part of the bankruptcy court order. In addition to gaining additional time, a portion of certain debts — like credit card debts — may be potentially discharged as well.
Contact Us
If you are struggling with home mortgage arrears, contact a Utah bankruptcy lawyer at the law office of Theron D. Morrison. Call 801-528-4883 to schedule an appointment at one of our convenient office locations in Ogden, Sandy or Logan, Utah.
