Bankruptcy can be a complicated process, but experienced Tampa bankruptcy law firm Clark & Washington, P.C. make this difficult time as hassle-free as possible for your and your family. We understand what you're going through, and want to help however we can. In most bankruptcy cases, the chronology of events is generally the same.
Our process is finely tuned to insure that you not only have all the information you need before filing, but that you are involved and comfortable every step of the way. No more waiting around to hear from your attorney or spending countless hours trying to get updates on the status of your case. Attend a free consultation.
Our process is finely tuned to insure that you not only have all the information you need before filing, but that you are involved and comfortable every step of the way. No more waiting around to hear from your attorney or spending countless hours trying to get updates on the status of your case. Attend a free consultation.
Services
At Clark & Washington, personal bankruptcy is our only practice. For more than 25 years, we have concentrated on chapter 7, the chapter of the Bankruptcy Code that provides for the sale of a debtor's nonexempt property and the distribution of the proceeds to creditors, and chapter 13, the chapter that allows an individual with regular income to keep property and repay debts over time-usually three to five years.
Once my Mortgage Lender Starts the Foreclosure Process, Can I Stop It Without Having to File Chapter 13 Bankruptcy? Florida foreclosure proceedings are non-judicial in nature. This means that your lender can institute foreclosure proceedings that will result in the sale of your home on the courthouse steps, all without having to go to court.
How Many Payment Behind Must I be Before the Mortgage Company Starts the Foreclosure Process? We often receive calls from potential clients who want to know how far behind they must be before their mortgage company will start a foreclosure. The answer to this question is "it depends." Technically, your mortgage company could start foreclosure the day after your "late payment date, " which is usually 10 or 15 days after the on-time due date.
Chapter 7 Tampa bankruptcy allows you to walk away from a mortgage you cannot afford. Chapter 7 will also temporarily stop a foreclosure and give you time to find a new place to live. Chapter 7 is a liquidation rather than a reorganization of debt. There is no payment plan and there is no payment plan to catch up and repay missed mortgage payments.
Chapter 7 liquidation bankruptcy filings will also stop a foreclosure as will a Chapter 11 reorganization, and in some cases these other types of bankruptcy filings may be appropriate. As is the case with Chapter 13, when you file a Chapter 7, the automatic stay goes into force and any pending foreclosure must stop.
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