“I am here because I want to avoid foreclosure.” If this describes you, you have come to the right place. When you receive a notice of foreclosure from your lender, it is advisable to seek the assistance of a bankruptcy lawyer as early as possible to defend against losing your home. Tolin & Tolin, PLLC focuses on providing our clients with the integrity and professionalism. Foreclosure would not only deprive you of the home you love, it could also have a devastating effect on your credit score and would cost you your equity, making it difficult to buy a new home in the future. Call us today to allow us to begin work on a plan for helping you prevent this outcome.
Declaring Chapter 7 or Chapter 13 bankruptcy is an effective strategy for a homeowner in your situation, as you will be protected from creditor actions by an automatic stay as soon as you file your bankruptcy petition. Once you discharge your debts, more of your income will be available to service the mortgage payments.