Clanton, Alabama
602 Jackson Avenue
Clanton, AL 35045
(205) 755-5208

Facing Foreclosure? Experienced Bankruptcy Attorneys Explain Your Options June 17, 2016

Facing Foreclosure? Experienced Bankruptcy Attorneys Explain Your Options, Clanton, Alabama

Facing foreclosure is almost always an overwhelming, seemingly hopeless situation, especially when your lender is unwilling to work with you. If you've fallen behind on your payments, the bankruptcy attorneys at Backus Law Group want you to know you may still be able to stay in your home.

These accomplished Montgomery foreclosure lawyers recommend exploring all your options, including:

  • Chapter 7 Bankruptcy: While filing for a liquidation may save your home, the automatic stay will put an immediate stop to the bank's foreclosure activity. Even if the lender applies for relief from the court, you'll likely be granted a few months to explore housing alternatives.
  • Bankruptcy AttorneyChapter 13 Bankruptcy: This type of bankruptcy allows you to restructure your secured debt through a court-mandated payment plan that allows you to make up for missed payments. If you can prove you can afford to stay in the home, having a bankruptcy attorney guide you through the process can help you keep it.
  • Loan Modifications: Even if your loan modification application is eventually denied, just filing can delay the foreclosure, potentially for several months. Federal laws prohibit lenders from dual-tracking, which is processing a loan modification while still proceeding with a foreclosure application.
  • Filing A Lawsuit: If you dispute the grounds of the foreclosure or believe the lender has violated the law, having a bankruptcy attorney file a lawsuit for you can permanently stop the foreclosure. Consult with a legal representative to explore whether a lawsuit is a viable option for you.

No matter how serious your financial situation may be, you can rely on the bankruptcy lawyers at Backus Law Group to help you achieve a second chance at life. They work closely with each of their clients, ensuring you get solutions tailored to your needs. Visit their website to learn more about their bankruptcy services, or schedule a consultation by calling (334) 265-0800 today.

Other Announcements, Events and Deals from Backus Law Group
Getting a Document Notarized? A Bankruptcy Attorney Explains What You Should Bring, Clanton, Alabama
If you need a document notarized in Montgomery, AL, you may be curious as to what the process entails. Fortunately, the Backus Law Group is happy to assist local clients with a wide ...read more
Divorce Lawyer Explains Why Summer Is the Best Time to File for Divorce, Clanton, Alabama
Divorce lawyers often encounter clients who are wondering when the best time to file is. While each individual case must be taken on its own merits, the great legal team at Back...read more
5 Things You Didn't Know a Notary Could Do for You, Clanton, Alabama
Sometimes you don't need the full services of an attorney; all you need is a witness to the signing of a single document or some other small legal task. In circumstances from fi...read more
8 Types of Debt Filing for Bankruptcy Won't Erase, Clanton, Alabama
For borrowers struggling with insurmountable debts, filing for bankruptcy can often provide much-needed relief. Many unsecured debts, such as credit card and medical bills,...read more
Divorce Lawyers Share 5 Summertime Co-Parenting Tips, Clanton, Alabama
The freedom of summer is every child’s dream, and if you’re a divorced parent, it’s important to know how to preserve it. Divorce lawyers at Backus Law Group in Montgomery, AL, sugge...read more