Being confronted with a foreclosure notice can be extremely stressful and upsetting. It is likely that you have never gone through a lawsuits before and that you do not know what will happen next, or where you can turn. Here are some tips on steps you can take to help you get through this difficult time.
Can You Stop Your Foreclosure?
If you have received a letter, you may feel overwhelmed, thinking that your life will never be the same. However, just because you got the letter doesn’t mean that you will have to leave your home.
So, can you stop your foreclosure? The answer is yes. There are two different ways to stop it.
There are technical defenses which are against the procedure itself. You may be able to fight the foreclosure if you weren’t given enough time to pay the lender what you owe s
If your family is suffering under the weight of one financial crisis after another, isn’t it time you did something about it? Perhaps you’ve already considered bankruptcy; but you’re a fighter, so you’ve decided to tough it out until every bill is paid.
Perhaps you believe that bankruptcy is the right choice only for those few individuals whose financial situations are far worse than yours. But before you decide to dismiss it as a viable option for you, you should get the right information from the right source.
Chapter 7
According to the U.S. Bankruptcy Code, Chapter 7 bankruptcy will, in most cases, discharge an individual’s debt. In fact, it is estimated that a discharge of debt is received in 99 percent of Chapter 7 bankruptcy cases. This form of bankruptcy is often referred to as “straight bankruptcy” or a “fresh start.”