Knoxville Bankruptcy Attorneys Discuss Ways to Stop Foreclosure in the New Year

    KNOXVILLE, TN, January 15, 2014 /24-7PressRelease/ -- Was the past year financially difficult for you? Are you now facing foreclosure on your home? Usually a lender does not begin foreclosure proceedings against a homeowner until they have missed three or more payments. This gives you time to find a solution and explore your options. Once you realize that you need help, you should contact a Knoxville bankruptcy attorney to resolve your situation and avoid foreclosure.

By having your financial situation evaluated by a bankruptcy attorney who is familiar with your states laws, you can find a solution to help you regain your financial stability and keep your home.

Keeping Your Home in the New Year

When you Knoxville bankruptcy lawyer files your bankruptcy case, the court will issue an automatic stay, which stops collection proceedings against you until your case is resolved (typically a few months). Whether you file for Chapter 7 or Chapter 13 bankruptcy, the automatic stay will also postpone your home's foreclosure sale.

Once foreclosure papers have been filed by the lender, it may become more difficult to stop the proceedings, which is why it is imperative that you discuss your options with a Knoxville bankruptcy lawyer before foreclosure is imminent. It is possible that with financial restructuring through bankruptcy, you can come to an agreement with your lender that will allow you to keep your home by following the recommendations of the court.

Make an appointment with a professional Knoxville bankruptcy attorney to discuss your options and with early intervention, you may be able to retain your home and establish a repayment plan that will suit both your lender and yourself.

Learn more about how bankruptcy can help you avoid foreclosure in 2014 at http://www.cw13.com.

About Clark & Washington:

Established in 1983, Clark & Washington is now one of the leading bankruptcy filers in the Southeast. They have locations in Georgia, Florida and Tennessee. Clark & Washington specializes in personal chapter seven and 13 bankruptcy. They offer honest, helpful legal advice to those experiencing financial hardships.

For more information, visit http://www.knoxvillebankruptcyattorney.com.

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