When you are facing the possibility of losing your home, it can affect every aspect of your life. For many people, the stress of dealing with harassment from debt collectors combined with the uncertainty about your home takes a toll on the entire family. At Tishkoff PLC, we understand how hard it can be to deal with out-of-control debt. We will listen to your concerns and make a careful assessment of the options available to you. Our attorneys will remain by your side throughout the entire process, providing the one-on-one representation you deserve.
The sooner you act, the sooner we can help you avoid foreclosure through Chapter 7, Chapter 11, or a Chapter 13 bankruptcy.
Automatic Stay Attorneys
An automatic stay is an injunction that halts all actions taken by creditors as they attempt to collect on debts from the moment a bankruptcy petition is filed. If you want to stay in your house, an automatic stay will put a stop to all foreclosure actions while your bankruptcy is being reviewed by the court. The mortgage company cannot continue with the foreclosure unless it received authorization from the Court.
In many cases, it is possible to protect key assets such as a home, car, retirement account or family heirlooms. Depending on your situation, it may be possible to discharge all unsecured debts through Chapter 7 bankruptcy, which will make it possible to keep up on mortgage payments. Alternatively, Chapter 11 and Chapter 13 both provide contingencies for structuring a plan to catch up on past-due mortgage payments.
Just Walk Away
If you are so far underwater on your home that it just doesn’t make sense to try and catch up on mortgage payments, bankruptcy may provide a much needed opportunity to get out from underneath the mortgage and surrender the home to the bank. Our attorneys will carefully examine both your situation and your primary objectives as they identify the options available to you.
Free 30-Minute Consultation With Experienced Bankruptcy Attorneys
Please contact our office to day to arrange a free 30-minute consultation with our experienced bankruptcy lawyers. We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.
407 North Main Street
Ann Arbor, Michigan 48104
Phone: (734) 663-4077
Toll free: 1 (855) TISH-LAW
Fax: (734) 665-1613