Our Bankruptcy Attorneys Can Help You Keep Your House Through Bankruptcy
There are actions you can take to stop the foreclosure process on your home. Contact the Wisconsin bankruptcy attorneys at Buss Law Offices, LLC. Our skilled, experienced debt relief attorneys have a long, successful track record of helping our clients tackle their debt and stop foreclosures through bankruptcy.
Chapter 13 bankruptcy is a viable solution for managing the long-term debt of large assets such as a home. The moment that an individual or couple files for Chapter 13 bankruptcy, an “automatic stay” goes into effect. This legally stops all attempts to collect on debts—including stopping foreclosure—until the bankruptcy process is finished. By that time, a Buss Law Offices bankruptcy attorney has formulated a strategic payment plan that meets your needs and goals.
How Does Bankruptcy Stop Foreclosure in Wisconsin?
Also known as the wage earner’s plan, Chapter 13 bankruptcy is for those who have a stable income, but have found themselves in a situation that has made it difficult to pay off debt obligations. This method of filing enables those with regular income to work with their attorney to develop a plan that repays at least part of debts owed. The payments are based on income and financial capabilities, and making them on time every month can completely stop foreclosure on a home.
What Are Other Ways to Stop Foreclosure?
With the unprecedented recent events, there are now more ways than ever to stop the foreclosure process on your home. These include the following:
- The federal government can issue a mortgage forbearance on federally-backed loans, or a break in making payments on your home. This is for people who have been affected by the Covid-19 pandemic.
- Equity laws uphold fair and just circumstances, and are recognized in court as a valid defense against foreclosure.
- Military duty can postpone foreclosure, allowing you time to get back on track with payments.
Foreclosure defense depends on your unique and personal circumstance. Contact Buss Law Offices for tailored legal advice to handle your unique financial situation.
Contact This Firm—Defense Against Foreclosure in Wisconsin
The bankruptcy lawyers at Buss Law Offices, LLC specialize in matters of debt relief. Contact our team today to learn how we can help you make the best decisions for your future and financial stability. Don’t wait. Rid debt from your life to breathe easy again. Contact our office at 888-517-5300.
