Keeping the home after bankruptcy in Atlanta GA is a big concern for those thinking about filing. In Atlanta GA one of the most significant fears families facing bankruptcy must deal with first is whether or not they will be able to keep their homes. To increase the chance that the bank won’t foreclose at the first chance, it’s a fantastic to get a good bankruptcy attorney. It’s no secret that mortgage companies have a legal team protecting their best interests. Trying to deal with a bank or mortgage company without legal counsel can be disastrous.
C. Golden and Associates Law Firm has all the Answers to Bankruptcy Questions.
In Atlanta GA, loan modifications are one option homeowners have to keep their residence, but it’s often a legally-binding negotiation that can drag out for some time. Excellent legal counsel can take the guesswork out of this process. It’s wise to remember to get an attorney that specializes in bankruptcy cases with so many new laws going into effect every year as the economy stalls.
When it comes to staying in the home, filing for bankruptcy will indeed stop the foreclosure process, but that is only for a short period of time. In this time debts are also put “on hold” and bill collectors cannot call the home.
There is the possibility that an great bankruptcy lawyer can go through the courts to have this “stay” last sometimes up to 12 months, but that timeline is by no means promised. A lawyer who knows how to deal with mortgage companies as well as the bank is a valuable asset to have in one’s corner. If keeping the home after bankruptcy in Atlanta GA is a concern, be careful which attorney is taken into court to represent the filer’s interests.
There is a chance with Chapter 7 bankruptcy that the home will be foreclosed. Talk at length with a great Georgia bankruptcy attorney to find out more concerning the state’s foreclosure laws. The right legal counsel will know whether a short sale, loan modification, or outright bankruptcy filing is best. In the face paced legal world there isn’t much time to file the proper paperwork to keep a family’s home as long as possible. This can be a task too big for many already under so much emotional strain due to the current financial situation. Hire counsel in Atlanta GA that specializes in bankruptcy who will fight to keep the home where newlyweds came home and children grew up.
A new poll shows that 32,000 Americans are experiencing the same hard knocks of bankruptcy, and in the coming year that number will increase. No one should feel alone when the loss of a job or medical bills has created a situation out of the homeowner’s control. Make sure to ask all the right questions before choosing representation. If bankruptcy is the only escape from drowning in debt, choose a bankruptcy lawyer who will do everything he or she can to keep the family home where it belongs – with the family.
