Stop Foreclosure

When Keeping Your House Is An Option — And You Need Time To Catch Up On Back Mortgage Premiums

One of the most common triggers of bankruptcy for many people is the realization that they have fallen hopelessly behind on a mortgage and do not have a reasonable way to catch up, especially considering:

  • Late fees
  • Penalties
  • The threat of foreclosure and eviction

As other debts also take on higher interest rates because of late payments and an individual or couple struggles to recover from a life event such as a job loss or medical crisis, fear and stress grow. If you are in this situation, you no doubt experience worries about where you will live if you lose your house. You may think, "We just need time to catch up — and relief from pressure from creditors." Chapter 13 bankruptcy may be the answer you are looking for.

Is Foreclosure An Imminent Threat? We Can Help Without Delay.

Olson Nicoud & Gueck, LLP, can act quickly on your behalf to file Chapter 13 bankruptcy once you have decided it is the right solution. Once you file, creditors — including your mortgage lender — will receive notices stating that you are under protection of the bankruptcy court. During your three- to five-year debt repayment plan, you will be able to repay unpaid mortgage premiums slowly and with little or no interest.

Or if you realize you cannot keep your house, a Chapter 13 bankruptcy is still a good way to retain a place to live. Keep in mind that this method works only if you are able to keep up with current payments as well as your debt reorganization payments. Your mortgage arrearage is likely to be at the top of the list of creditors to be repaid by the bankruptcy trustee. In a successful Chapter 13 bankruptcy, you will recover your dignity and your financial equilibrium while keeping your house.

Turn Your Mortgage Crisis Around

For more information about how the Dallas bankruptcy attorneys of Olson Nicoud & Gueck, LLP, can help you relieve your debts and regain peace of mind, contact us online, or call 214-979-7300 or 800-708-7716. Our bankruptcy lawyers serve Plano, the Mid-Cities and all of North Texas.

Creditor Representation

If you are a mortgage lender, Olson Nicoud & Gueck can advise you of your rights when a mortgagee declares bankruptcy. We strictly avoid conflicts of interest. Protect your investments to the limits of the law.

We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.