Foreclosures & Foreclosure Bailouts

Foreclosure is a terrible situation that can happen to your family; but thankfully there are various ways to stop or avoid it. For example, filing Chapter 7 and 13 bankruptcies could temporarily prevent the bank from foreclosing. Chapter 13 bankruptcy can allow you to initiate repayment plans of a mortgage arrearage in three to five years. Other options are to sell your house or refinance your home, with or without a bankruptcy petition.

In addition, unemployed and underemployed Connecticut homeowners can also apply for six months of protection from mortgage foreclosure through a debt restructuring program. The bankruptcy court will ultimately decide if you are eligible for unemployed and underemployed homeowner protection.

For an initial legal consultation to determine if you may be eligible, or to explore other available means to avoid foreclosure, contact Penner Law Firm today. Your first legal consultation is free.

Contact an experienced foreclosure lawyer at our law firm today for a free initial consultation and to learn more about the services we can provide. Thank you.

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