Understanding Lawyers - Don't Think the WorstUnderstanding Lawyers - Don't Think the Worst

About Me

Understanding Lawyers - Don't Think the Worst

I got into a car accident when my daughter was 2 years old. My daughter was not injured in the crash, but I was. The accident was caused by a distracted driver talking on her cell phone. The driver insisted that I was attending to my daughter and I took my eyes off the road. I unfortunately had many medical bills to pay and I had very little time to fight with insurance companies over settlement payments. I was concerned about the cost of an attorney, but I met with a lawyer anyway to help with the accident claim. The lawyer relieved my stress and dealt with the insurance company and the other driver. I want you to know that lawyers can be helpful, kind, and caring. Most people think the worst of these professionals, but I want you to know that lawyers should not be feared or avoided.

Latest Posts

Navigating the Path to Becoming a Notary Public: A Guide to Training
2 May 2024

Becoming a notary public is an exciting opportunit

Understanding The Importance Of An Estate Planning Attorney
13 March 2024

While you may have a general idea of what you want

A Guide for Preparing for Your First Consultation with a Slip and Fall Attorney
26 January 2024

If you've been injured in a slip and fall accident

The Crucial Role of a Personal Injury Attorney in Your Compensation Claim
27 December 2023

When you're involved in an accident, facing the af

How Personal Injury Case Attorneys Streamline the Litigation Process
30 November 2023

Navigating a personal injury case can be a complex


Can A Bankruptcy Filing Save Your Home?

In the event you are facing a foreclosure and you want to keep your home, you need to take action as soon as you learn you are in danger of losing your home. One action that could potentially save your home is filing for a bankruptcy. Before filing for bankruptcy, here is what you need to know. 

Why File for Bankruptcy?

When you file for bankruptcy, the documentation goes to the court and an automatic stay of all your debts goes into effect. The automatic stay keeps your lender from going to court to foreclose on your home. It even stops a foreclosure sale if it has already been scheduled. 

If you don't have much time before your lender goes to court, you might have to file for an emergency bankruptcy. 

What Is an Emergency Bankruptcy Petition?

An emergency bankruptcy petition gives you a chance to stop your lender from doing anything to take your home without having to file all of the documentation that is normally required for bankruptcy. With an emergency petition, you only need to file a list of your creditors, the bankruptcy petition, and a certificate showing that you have completed the credit counseling requirement. 

If you have not had a chance to take the credit counseling, it is imperative that you explain why with your petition. If not, your request for an emergency intervention could be denied. 

What Happens After the Filing?

Once the documentation is accepted by the court, all of your lenders are notified of your intent to file bankruptcy and the automatic stay goes into effect. It is important that you work with your foreclosure attorney while the stay is in place to save your home. Your attorney can reach out to your lender and attempt to work out a new payment plan that you can afford. The amount that you are in arrears for can be included in the new plan. 

You can also explore other options to save your home, such as taking out another loan or applying for state and federal assistance programs designed to help homeowners. 

Whichever option you opt to use to try and save your home, it is important that you work with your attorney to fully explore what is available to you. Without consulting with an attorney, you could miss out on an option that would work best in your particular situation. For more information, contact a practice like Hornthal Riley Ellis & Maland LLP.