The possibility of losing a home or vehicle is often the reason that individuals struggling with debt finally consider bankruptcy as an option. Many people avoid it for as long as possible, but bankruptcy often provides the relief needed to get out of debt or catch up on payments, potentially keeping the home.
Kent Foreclosure And Repossession Attorney
At the Law Office of Kevin J. Magorien, PS, we daily guide clients through the process of leveraging a bankruptcy filing to save their home. We fully educate our clients on all options available to their specific situation and provide direction to the ones that will best meet their individual long-term goals.
Following bankruptcy, an automatic stop is placed on all foreclosure efforts. While the foreclosure may proceed later, the stop often gives homeowners a brief space to momentarily recover and begin payments again, saving the home. In some cases, enough is owed on the balance of the mortgage that it makes more sense to allow the home to go into foreclosure. In other situations, the homeowner may be financing the home through two loans. It may be safer to stay current on one loan, cramming down the debt to a more manageable situation.
We will carefully assess the situation and help you intentionally choose the steps to accomplish your specific goals for your long-term financial situation.
Auburn Car Repossession Lawyer
In cases of repossession, whether of a vehicle or other property, we will guide you through the specific and complex laws surrounding repossessions. We will advocate on your behalf to the creditor to achieve the most manageable situation possible, recovering the car or property, if possible. We will make you aware of all of your options and help you understand which solutions are in your best interest, both now and in the future.
We take the time to listen to each client to understand his or her unique situation, as well as goals for the process. Some people place a greater priority on keeping a home than others. We learn exactly what you hope to accomplish through bankruptcy, and we work to develop a plan that will achieve these goals, as much as possible. We will walk beside you through the process, helping to avoid pitfalls and retain as much property as possible.
For a free initial consultation, please contact our law firm today at 253-656-4934 or toll free at 866-633-4992. We have basic Spanish-speaking skills.
BAPCPA disclosure: This is a federally designated debt relief agency. We help people file for bankruptcy under the Bankruptcy Code.