Can I Keep My Home If I File For Bankruptcy in Tennessee?
When financial problems put ownership of your home at risk, you need to take immediate steps, especially if you have been served with a notice of foreclosure. Few things are as unsettling and embarrassing as the prospect of losing the roof over your head.
Misconceptions exist about both the bankruptcy and foreclosure processes. You need the facts on what you can do, not the myths and mistaken assumptions of what you cannot do. First, a bankruptcy filing does not mean you have to give up ownership of your home. You can keep your house, even if you have been served with foreclosure papers.
A Chapter 7 bankruptcy resolves unsecured debt problems. Your mortgage is a secured loan. Keeping your home in a Chapter 7 requires you either to be caught up on your payments or have the means to get caught up. A Chapter 13 filing gives you time to renegotiate with your mortgage holder and possibly discharge a second mortgage, especially if you owe more than your home is worth.
Murfreesboro Bankruptcy Lawyer
We help you find the best solution to your financial problems. Clients who retain our law firm are provided with personalized services at affordable rates. Attorney Tim W. Smith will spend time with you to identify your specific needs and the best debt relief solution to resolve your problems. He will answer the most important question.
Contact Us For A Free Initial Bankruptcy Consultation
To schedule an appointment with an experienced foreclosure defense lawyer, contact us online or call our law offices directly at 1.855.700.0753.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.