Scottsdale Bankruptcy Lawyer Helps You Keep Homeownership
Achieving homeownership is a dream of many Americans. Yet, that dream can be stolen away when the mortgage payments become difficult to make due to job loss, medical bills or other unmanageable expenses. If you are facing foreclosure or believe you are on the path to losing your home, filing Chapter 13 bankruptcy can help prevent foreclosure and provide debt relief.
At the Juras Law Firm, PLC in Scottsdale, Arizona, attorney Irena Juras works with debtors, trustees, creditors and other parties in proceedings under the United States Bankruptcy Code. To discuss your questions, concerns and options for keeping your home, contact the firm to schedule a consultation. Call (480) 425-2009 or toll free (480) 871-4713.
Tools for Keeping Your Home:
While there are several options available for you to keep your home ¾ such as mortgage refinancing and loan modifications ¾ filing chapter 13 bankruptcy is often the only option to save a home from foreclosure. This is true for a couple of reasons
Chapter 13 bankruptcy allows you to pay arrearages or back mortgage payments. Chapter 13 bankruptcy prepares a repayment plan, in which debtors agree to pay a portion of their income to creditors. The repayment plan allows debtors to pay back missed mortgages over the course of three to five years. Thus, debtors are allowed to keep the house so long as they can make the current monthly payment in addition to these overdue payments.
Chapter 13 may strip second or third mortgages. Due to the drop in the housing market, millions of homeowners owe more on their house than it is worth. In these situations, only the first mortgage may be secured; all other debts are considered unsecured debts. In Chapter 13, homeowner can then strip the second or third mortgage and discharge these debts at the end of the repayment period. Often, debtors can stay in their home without ever paying their second lien.
Contact Juras Law Firm
If you are facing the possibility of home foreclosure, contact Juras Law Firm to learn how you can achieve debt relief, obtain a manageable mortgage, retain assets and maintain credit. Attorney Irena Juras can show you how Chapter 13 bankruptcy and other options may provide debt relief and save your home. To schedule a consultation, call (480) 425-2009 or toll free (888) 871-4713.
Legal Notice: We help people file for relief under the U.S. Bankruptcy Code.
Juras Law Firm, PLC
7150 East Camelback Road, Suite 444
Scottsdale, Arizona 85251, USA
Toll Free: (888) 871-4713
Phone: (480) 425-2009
The Juras Law Firm, PLC represents and seeks to represent clients throughout Arizona including: Scottsdale, Mesa, Gilbert, Tempe, Chandler, Glendale, Peoria, Casa Grande, Phoenix, Paradise Valley, Sedona, Tucson, Prescott, Flagstaff, Kingman, and Yuma, Maricopa County, Cochise County, Santa Cruz County, Pima County, Yuma County, and more. We also represent companies and individuals from the Czech Republic and other foreign countries in the United States of America.
