-Serving Wilmington and Southeastern North Carolina for over 25 years.

-Our office has filed over 1000 bankruptcy cases.

If a Notice of Appointment of Substitue Trustee has been filed on your property, the foreclosure process has likely begun.  Many homeowners assume that once this happens, losing the home is inevitable.

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In Many cases, that is not true.

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A Chapter 13 bankruptcy filing can immediately stop foreclosure proceedings and allow homeowners to repay overdue mortgage payments over time while keeping their homes.

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BUT TIMING IS CRITICAL.

How Bankruptcy Stops Foreclosure

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When a bankruptcy case is filed, federal law creates something called an automatic stay. This court order immediately requires the lender to stop foreclosure activity.

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Chapter 13 bankruptcy can allow you to:

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• Stop the foreclosure immediately
• Catch up missed payments over time
• Stop collection calls and lawsuits
• Prevent the lender from suing you for any remaining balance
• Avoid possible tax consequences from forgiven mortgage debt
• Regain financial stability

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Call today: (910) 202-3110