New Jersey Repossessions/Foreclosure Attorney
Helping You Put an End to Your Financial Worries
People who are overwhelmed by debt are not only worrying over how to pay mounting credit card bills and late mortgage payments, they also fear repossession of their assets and losing their home to foreclosure. As the debt grows, so does the level of stress, until it reaches a nearly unbearable point, leaving you wondering if today will be the day your car is repossessed or the day your mortgage lender starts foreclosure proceedings. Certainly this is no way to live.
At Law Office of Marc P. Feldman, in Morris Plains, New Jersey, I work with people who are deeply in debt to protect their assets from repossession and their homes from foreclosure. Through Chapter 7 or Chapter 13 bankruptcy, it may be possible to put your monetary worries aside and make a fresh financial start.
We offer a free initial consultation with a knowledgeable bankruptcy attorney to discuss your options for debt relief and how to keep your possessions intact. Contact the Law Office of Marc P. Feldman to arrange an appointment.
Putting a Stop to Repossession
One of the common consequences of unpaid debt is repossession. Creditors are seldom understanding of unpaid debt and will do what it takes to get their money. Without notice your vehicle could disappear or a knock on your door could be workers ready to carry away your belongings.
Filing for bankruptcy can put a stop to your creditor’s repossession actions. Once your petition is on file with the courts an automatic stay is put in place halting all collection actions against you.
Filing for Bankruptcy Can Stop Foreclosure Until Arrangements Can Be Made
Foreclosure doesn’t happen overnight. You will have plenty of notification from your mortgage lender letting you know they are expecting payment. If you wish to save your home, filing for bankruptcy before the sheriff’s sale can temporarily stop foreclosure. Depending on the type of bankruptcy and the terms, you may receive a six-month to 12-month redemption period to pay off your mortgage balance or refinance your loan.
For more information about how bankruptcy may be able to help you stop repossession or foreclosure actions, do not hesitate to Contact the Law Office of Marc P. Feldman, for a free consultation with a skilled lawyer.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.