The answer to this question really depends. It is highly advisable that you speak to an attorney that is experienced in both foreclosure defense as well as bankruptcy. Oftentimes, South Florida homeowners are given whatever legal strategy the lawyer they speak to practices within, often resulting in a less than desirable or horrific outcome. While a Chapter 13 bankruptcy may be a good strategic tool to use to ensure the maximum benefit for the homeowner, it shouldn’t be implemented to stop a foreclosure unless it is the right situation and at the right strategic time.
If you’re contemplating filing bankruptcy or you’ve been told by a bankruptcy lawyer to file bankruptcy to stop a foreclosure,contact Loan Lawyers for a free consultation to make sure that the correct combination of legal strategies are used for your situation.
