Keeping You in Your Home

One of the first questions people considering bankruptcy generally ask is, “Will I lose my house?” Because you have worked hard to purchase your home, and that is where so many memories have been made, it is an important question. The fact is that many people who file for bankruptcy are able to retain their homes.

At Simon Resnik Hayes LLP, we are committed to helping families overcome debt problems and rebuild their financial lives on more solid footing. Our attorneys have helped countless individuals in Los Angeles, Sherman Oaks and other Southern California communities get financial relief and stay in their homes.

How Bankruptcy Can Save Your House

If you are in default on your home mortgage and have been notified that the lender is pursuing foreclosure, it is important that you take action immediately. When you file either Chapter 7 or Chapter 13 bankruptcy, the court issues an automatic stay. This freezes all foreclosure actions.

Under Chapter 7 bankruptcy, your unsecured debt is discharged, leaving more money for you to work on becoming current on your mortgage obligations. With Chapter 13 bankruptcy, any past due amounts are rolled into a monthly repayment amount that you make over three to five years without interest or penalties. We can even remove junior liens forever!

Our lawyers can also advise you about how to avoid foreclosure through a short sale, weighing the pros and cons of that possibility.

Stop Foreclosure

To learn more about how you can avoid foreclosure, speak with the professionals at Simon Resnik Hayes LLP. We welcome the opportunity to meet with you during a free initial consultation and discuss your unique situation. Not only do our attorneys know the bankruptcy laws from the inside out, but they also understand how important your home is to you. Call 310-598-7365 or 888-368-4099, or contact our firm online today.

For your convenience, we meet with clients at our offices in Los Angeles and Sherman Oaks from 7:00 a.m. to 7:00 p.m., Monday through Friday. Weekend appointments are also available. We offer payment plans.

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