Facing Foreclosure? Act Now
Engel Law Group: A Seattle, Washington, Bankruptcy Law Firm
Our firm helps people and families in the Greater Seattle and Puget Sound areas of Washington State to stop foreclosures and keep important personal possessions by filing for bankruptcy protection. For emergency bankruptcy assistance and a free consultation — call 206.625.9800, or contact us online to have an attorney from our office get in touch with you.
What Are Your Options?
Filing either a Chapter 7 or a Chapter 13 bankruptcy petition can stop foreclosure proceedings and prevent your car or other personal property from being repossessed. In a Chapter 7 case, the catch is that you must be able to "make good" on any past due payments immediately and convince your lender to enter into a reaffirmation agreement with you. In a Chapter 13 case, past due amounts are paid off over time as part of a three to five-year plan.
Home Foreclosure
Before giving serious consideration to options like just "walking away," or trying to convince your lender to agree to a short sale or renegotiating mortgage terms on your own — consider talking to a lawyer about Chapter 13 bankruptcy instead. This is the most common way to stop foreclosure proceedings and it can even be used in situations where a sheriff's sale is imminent.
Repossession
Cars and personal property can be critical to earning a living and to just living life as well. A Chapter 13 plan gives you time to make up missed car payments and repay loans that you used to acquire "tools of the trade."
For answers to other questions you have about Chapter 7 bankruptcies — just call 206.625.9800 to schedule a free consultation or e-mail us and an attorney from our office will get back to you soon.
