One of the worst myths about bankruptcy is that if you file, you will lose your home. In fact, filing for bankruptcy can give you the time you need to save your home.

At Flesner Wentzel, we have bankruptcy attorney dedicated to helping struggling homeowners in St. Charles, Missouri hold onto their homes. We understand how many homeowners like you are still struggling with underwater mortgages and keeping up on payments. We can give you the tools and legal advice to protect your most valued asset.

Filing For Bankruptcy Will Put A Stop To Foreclosure Actions

Whether you are seeking Chapter 7 or Chapter 13 bankruptcy protection, filing will immediately put a stop to all collection activities, including foreclosure. Since your Chapter 7 filing will only last a few months, though, it is likely that you will want to seek Chapter 13 protection if you are in danger of losing your home.

It is important to remember, though, that since your mortgage is a secured debt, you cannot get rid of the debt through bankruptcy unless you want to give up your home.

Instead, while you are making debt payments as part of your Chapter 13 filing, you can use the bankruptcycourt’s protection to catch up on your mortgage arrears. This could also give you time to negotiate a mortgage modification with your lender.

To prevent a foreclosure, you must abide by the terms of your bankruptcy, and you must continue to make your mortgage payments. As your lawyer, Flesner Wentzel will ensure that you are aware of your responsibilities and legal rights so that you get through the bankruptcy process as painlessly as possible while keeping your home.

When Time Is Of The Essence, Obtain The Right Legal Representation

Do not wait until it is too late. To learn more about how to keep your home, contact Flesner Wentzel, at 636-442-4529 to schedule a free consultation.