Bankruptcy & Home Protection Lawyers in Phoenix
If you have been hesitant to file for bankruptcy due to concerns about losing your home or vehicle, it is important to consult with an experienced attorney about your situation. Bankruptcy is often the best option consumers have for wiping the slate clean and staying in their home.
At the law firm of Platt & Westby, P.C., we have been helping people in the Phoenix area explore their bankruptcy options since 1973. Our attorneys help guide people throughout their bankruptcy, maintaining a sharp focus on doing the right thing for our clients.
Considering bankruptcy? If you are struggling with debt, it may be your best option for achieving your future financial goals. To schedule your free initial consultation, call 623.239.4422 today.
How Can Bankruptcy Help with Home Protection?
If you are substantially behind on your mortgage payments but want to keep your home, filing for Chapter 13 bankruptcy may be your best choice. It will provide you with a plan for paying your mortgage delinquency over a period of five years. Also, if you owe more than your home is worth, you may be able to "cram down" your second mortgage in an effort to reduce the amount you owe until it is in line with fair market value.
What if You Want to Give Up Your Home?
For some people struggling with debt, a vehicle repossession or loss of home is not as devastating. You may want to voluntarily sacrifice your vehicle or home in order to help pay off debts as part of your bankruptcy plan.
If any changes are made to the nation's bankruptcy laws, you can count on us to keep you informed of new options. For instance, the law may be changed in the future to allow a "cram down" on your first mortgage.
Contact Us
To discuss your home protection options with an experienced bankruptcy lawyer, contact our firm today to schedule a free initial consultation.
