Bankruptcy to stop foreclosure in Florida
If you are in danger of losing your Florida home to foreclosure, you might be able to obtain relief and avoid foreclosure by filing for bankruptcy. A new law in Florida requires that your lender goes to bankruptcy court with you and works to arrive at an amenable modification of the terms of your loan.
You may be thinking about filing for bankruptcy for a number of different reasons including credit card debt, medical bills, your adjustable rate mortgage or a job loss. No matter what reasons you might have for thinking about bankruptcy, it is important that you move quickly if you are also facing a foreclosure.
If you have received notice of a sheriff’s sale, filing for bankruptcy will result in an injunction being issued that stops it from happening. This action can grant you more time to determine whether you want to save your home and work with your lender to reach an appropriate modification of your loan. It is important for you to figure out what type of bankruptcy might be the most appropriate for you to file as well.
At Nowack & Olson, our lawyers have helped many clients who were facing foreclosures save their homes by filing for bankruptcy. We work to negotiate loan modifications with their lenders that our clients can afford. Our goal is to help people obtain fresh financial starts so that they can move forward with their lives. Our lawyers work to help our clients save their homes from foreclosure while also discharging other unsecured debts. If you are facing a foreclosure action and are wondering about your rights, you might want to read the information we have detailed on our Ft. Lauderdale foreclosure defense page.