Searching for bankruptcy help lead you to our website where can learn will bankruptcy stop foreclosure Florida. We are experts in helping homeowners to avoid foreclosure using options that they are unaware of online. Getting relief from foreclosure does not have to seem like no end is in sight. There are bankruptcy laws in the state of Florida that can protect you. The process of bankruptcy and foreclosure can be hard to understand. Combining these two options can make it seem close to impossible. The answer to your question is yes. Florida is a judicial bankruptcy state meaning that it takes court approval for a bankruptcy and foreclosure to be granted. You can stop foreclosure with a bankruptcy, but it might not be your best option depending on your circumstances.
Will Bankruptcy Stop Foreclosure Florida
The most common bankruptcy filing that is used to prevent a foreclosure is a Chapter 13. This method is one that consolidates debts and allows them to be repaid over a certain period of time. Usually an attorney can help you file this type of bankruptcy. Since the entire process requires approval from a court of law, preparing the paperwork and finding the right attorney can take a lot of time. If you are more than 60 days past due on your mortgage, your lender has likely started expediting the foreclosure auction process. It can be more difficult to get approval for Chapter 13 bankruptcies when you are fighting to save days you have left. A judge could grant a stay if he or she approves your filed paperwork. Many homeowners miss this crucial time period due to mistakes.
Getting a stay upon judicial approval does not mean that you have defeated foreclosure. You are given a certain time period to collect financial documents, records and other income documents to send for review. A trustee is the one that will evaluate your financial situation and must find a hardship to allow a bankruptcy to proceed. If you cannot prove you can repay your mortgage debt, there could be little chance that you will be allowed to remain in your home. It is possible to stop foreclosure although you will be responsible for paying back your lender. Getting behind again is not something that will help your situation. The sensitive nature of bankruptcy is governed by state and local laws. One mistake could send you spiraling out of control again.
“Will Bankruptcy Stop Foreclosure Florida”
Avoid Foreclosure staff is always available to take your call or respond to your email request. You have waiting for you an entire team of financial experts that know the law and how to stop foreclosure for good. Not every alternative to foreclosure is right for every homeowner. Exploring all programs and services to help your unique situation is what we do best. We stand next to you and fight to get you the relief that you have desperately wanted for so long. Now is not the time to give up. Call us at 1-800-589-4106. We can further explain to you how will bankruptcy stop foreclosure Florida.