St. Louis Bankruptcy Attorney Insights: Why Does Chapter 13 Stop Foreclosure?

Since 2003, I have been a St. Louis bankruptcy attorney.   In the last ten years, I've represented a myriad of bankruptcy clients, helping clients dispose of tens of millions in debts and stopping thousands of foreclosure sales.  Let me discuss why Chapter 13 bankruptcy in most cases stops the foreclosure process in Missouri. 

 

If the client has not had more than one bankruptcy cases dismissed within the previous 12 months, filing Chapter 13 bankruptcy puts in place what is known as an automatic stay. An automatic stay is an automatic injunction, which ends actions by creditors, including foreclosure sales.   If a homeowner has not had a bankruptcy dismissed within the past year, the filing of a Chapter 13 bankruptcy case will put in place this automatic injunction without further legal action.

 

Stalling the foreclosure sale then gives the Chapter 13 client another chance to keep the client's home and affords up to 48 months to repay the past due mortgage amount in a repayment plan approved by a federal court.

 

If you have a foreclosure sale pending, let me talk with you about how Chapter 13 bankruptcy may stop your foreclosure and give you a second chance to keep your house.

 

See the video-http://youtu.be/ZMEOpvfsWoc

For additional resources visit:

http://www.stlouisbankruptcyattorneyhelp.com - website

http://www.stlouisbankruptcylawyerhelp.com - blog

http://www.twitter.com/frankledbetter - Twitter

http://www.youtube.com/bankruptcylawstl - YouTube

St. Louis Bankruptcy Attorney Insights: Where to File for Chapter 13

 

I’ve observed that some people who are in a desperate attempt to keep current on paying

their monthly bills decide to use payday loans. The payday loan is a popular, but dangerous type of unsecured, short-term loan for those who are in need of funds and not able to obtain them from other methods.

 

In the past,  I was stunned once I started looking at the interest charges for payday loans.  Several of have been in excess of 600% annually.

 

Payday loan lenders usually require the deposit of a post-dated check at the time the financial loan is taken out.  The loan provider may cash it if the customer doesn’t pay back the loan promptly.

 

Sadly, in spite of the best of intentions, payday loan borrowers might be unable to pay off the loan promptly and become subjected to criminal charges for inadequate funds when the lender tries to cash their post-dated checks.

 

When you are thinking about taking out payday loans because you are otherwise struggling to pay off your debt on time, you owe it to yourself to consult a bankruptcy attorney first.

 

For additional resources visit:

http://www.stlouisbankruptcyattorneyhelp.com - website

http://www.stlouisbankruptcylawyerhelp.com - blog

http://www.twitter.com/frankledbetter - Twitter

http://www.youtube.com/bankruptcylawstl - YouTube