St. Louis Bankruptcy Attorneys helping Stop Foreclosures and Repossessions

If you have fallen behind on your bills, you may be facing either a foreclosure on your home or the repossession of your property. Bankruptcy can help either delay or stop any collection activity, and may be able to help you keep your home. Facing the loss of your home or property can be the source of much anxiety for people in financial distress, and by speaking to an attorney at the Westbrook law group you how best to maximize the chances of stopping any attempts of creditors from either repossessing or foreclosing on your property.

The Automatic Stay

The automatic stay is an injunction that is automatically issued the moment an individual files for bankruptcy. It prohibits creditors from engaging in the following types of collection activity:

  • Repossession of Property
  • Foreclosures
  • Phone calls
  • Letters
  • Disconnection of Utilities
  • Bank levies
  • Liens
  • Wage garnishments

Filing for bankruptcy will cancel any sale date set for your home in the case of a foreclosure, and will also prevent your creditor from initiating any foreclosure proceeding. A Chapter 13 bankruptcy will allow you to stay in your home while you catch up the arrears on the mortgage loan. A Chapter 7 bankruptcy will cancel any set sale date of your home by virtue of the automatic stay. Furthermore, if in the event of a foreclosure you may owe a deficiency balance to the bank.  This represents the difference between what was owed on your house and what it was sold for.  A Chapter 7 bankruptcy will discharge any debt that may be owned to the bank above what they receive from the sale of the property.

Call an Experienced Bankruptcy Attorney Today to Stop the Calls

If you are in financial distress, ignoring the problem is not going to make it go away. By calling an experienced St. Louis Bankruptcy attorney at the Westbrook Law Group, you can maximize your chances of keeping your home, car, or other assets. Bankruptcy is designed to help people who have gotten “in over their heads” get out from under the weight of crushing debt and have a fresh start. We are conveniently located in St. Charles, Missouri, and we have evening and weekend appointments available.  To set up a free consultation, call us at (636)-493-9231 or through our online contact form on the right .