If you are facing a home foreclosure or have received notice of a sheriff sale, call our office to learn about your options for protection under the bankruptcy code. The first consultation is free. We are committed to helping you resolve your financial problems and protecting your home. Call 651-464-8510 or email us to arrange a time to speak with Nicole, our lead bankruptcy attorney.
Many of our clients are facing home foreclosure or financial situations spiraling out of control. The bankruptcy attorneys at Anderson & Associates can help you evaluate your present financial situation and offer timely advice to help you manage or eliminate your debt while keeping your personal assets like your home and car.
As soon as you file bankruptcy, the "automatic stay" goes into effect, meaning no collection efforts (including a sheriff sale, repossession, collection calls) must stop immediately. We have used bankruptcy law to stop foreclosure proceedings and sheriff sales, in some cases, just days before our clients were about to lose their homes.
There is an income limit to qualify for Chapter 7, but assuming you meet all requirements, Chapter 7 can stop foreclosure proceedings and give you time to work with your mortgage lender. Many clients who filed Chapter 7 found that once their credit card debt and medical debt had been eliminated they were in a much better position to make their monthly mortgage payments.
If you owe the bank money following a home foreclosure, filing for bankruptcy can eliminate that remaining amount owed on your mortgage.
Where Chapter 7 is meant to eliminate unsecured debt, Chapter 13 is meant to re-organize high-interest debt. There are some cases where a Chapter 13 will allow you to re-negotiate or even eliminate a second mortgage. Chapter 13 will also stop collection activity like foreclosure and sheriff sales and give you time to work with your lender.
Because there are so many variables when it comes to using bankruptcy laws to protect your home, the bankruptcy attorneys at Anderson & Associates provide a free initial consultation. In a short meeting (or even phone call) we can help you understand what protections are available under the U.S. Bankruptcy Code, and how you can go about utilizing them in the best way for your unique situation.Call (651) 464-8510 or click here to contact us via email
Forest Lake, MN Office
1650 11th Avenue SW Suite 203
Forest Lake, MN 55025
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Phone: (651) 464-8510
Toll Free: : (888) 902-8529
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The Forest Lake, Minnesota bankruptcy lawyers of Anderson & Associates, L.L.C., represent people from our local area (Hugo, Lindstrom, Chisago City, Wyoming, Lino Lakes, Centerville, Shoreview) as well as Minnesota communities throughout the Twin Cities and greater Minnesota.