Stop a Foreclosure! Keep Your Home! Can Bankruptcy Stop a Foreclosure and Can it Help You Keep Your Home? A San Antonio Bankruptcy Attorney Says "Yes & Yes"

    SAN ANTONIO, TX, January 24, 2011 /24-7PressRelease/ -- Every day people call Vanhemelrijck Law Offices asking for help to stop a foreclosure and save their home. The first question people often ask is "Can a bankruptcy stop a foreclosure?" Robert Vanhemelrijck says, "Yes". He reports that filing a bankruptcy will automatically stop a foreclosure proceeding and stop a sheriff's sale by granting you, the homeowner, an "automatic stay". This bankruptcy attorney notes that stopping a foreclosure with an automatic stay gives you, the homeowner, valuable time to work with your attorney to explore ways to save your home or at the very least lets you control when you give up your house.

How can a bankruptcy save my house?
Robert Vanhemelrijck, a San Antonio bankruptcy attorney, states that if you live here in Texas and own the house free and clear, filing a chapter 7 bankruptcy will prevent any creditors from putting any new creditor liens on your house. For instance, if you have substantial credit card debt or medical bills, a chapter 7 bankruptcy can protect your house by preventing these creditors from putting a lien on your house. Further, if a creditor has already put a lien on your house, his firm can file motions with the court to avoid (eliminate) them as well.

What if I have a mortgage on my house, can I still save it?
Mr. Vanhemelrijck says it is possible to still save your house. If you file a bankruptcy you can still agree to keep the mortgage on your house (reaffirming the loan). And once all of your unsecured debt (such as credit cards) is eliminated, you may find that the mortgage payment is affordable. And if your mortgage is still not affordable, you may be a candidate for a loan modification, a service Mr. Vanhemelrijck's law firm provides.

What if after a chapter 7 bankruptcy my mortgage payment is still more than I can afford? Can I still keep my house?
Mr. Vanhemelricjk says you can hire his law firm to assist in securing a loan modification to lower the payment. With a successful loan modification you can have a lower payment by getting a lower interest rate and sometimes by having a portion of the principle eliminated.

What if I make too much income for a chapter 7 and have to file a Chapter 13? Can I still keep my house?
"Yes," says Mr. Vanhemelrijck, a San Antonio bankruptcy attorney. First, filing a chapter 13 bankruptcy stops a foreclosure. Second, his law firm works with the Chapter 13 trustee to come up with an affordable payment plan for all of your debts.

Is there truth to the idea that a second mortgage can be removed by a bankruptcy?
Again, Mr. Vanhemelrijck says, "Yes." He report that if there is no equity in your home, a chapter 13 bankruptcy allows you to eliminate remove any second mortgages and treat them like credit card debt which can be reduced by the bankruptcy.

I need to file a Chapter 13 bankruptcy, but can I still use a loan modification to reduce my mortgage?
Again, this San Antonio bankruptcy attorney say, "Yes." He goes on to say that, in fact, banks tend to be more likely to approve a loan modification to someone who is under the protection of a chapter 13 plan because the other debts that made paying your mortgage have been reduced.

Can we stop a foreclosure without a bankruptcy?
Yet again, the answer is yes. Mr. Vanhemelrijck reports that it is possible to hire his firm to challenge the validity of the foreclosure process. His firm may be able to take your lender to court to stop the foreclosure depending on your situation. However, even if can, Mr. Vanhemelrijck says that he advises that you still work with his firm to address your total debt situation. His firm has helped over 1,000 clients address their debt concerns so he is confident he can help you.

For more information, visit his website:www.bankruptcy-lawyer-san-antonio-texas.com

This information is for advertising purposes only and is not legal advice. For advice about your specific situation, contact his office 24/7 for a free consultation at: 210-782-8483 or email his office at [email protected].

Vanhemelrijck Law Offices, LLC is a law firm specializing in helping people reduce or eliminate personal and business debt. They help clients utilize the protection of the federal and Texas bankruptcy provisions. They are located in San Antonio, Texas.

Website: http://www.bankruptcy-lawyer-san-antonio-texas.com

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