We stop foreclosures in Dallas, Plano, Frisco, and Fort Worth every month. Our experienced bankruptcy attorneys have helped hundreds of families keep their homes – and we may be able to do the same for you.

If you were up-to-date on your mortgage now, could you keep up-to-date? If so, filing bankruptcy could save your home or another piece of real estate property from foreclosure.

When you file a Chapter 13 bankruptcy, your mortgage lender must immediately stop any pending foreclosure. You don’t have forever though – you have to file bankruptcy while there is still a foreclosure to stop. In Texas, foreclosures occur on the first Tuesday of each month.

Once your case is filed, you start making your regular mortgage payments again, as they come due. Sometimes, the future payments are included in your Chapter 13 plan. Sometimes, you have to make them directly to the mortgage lender.

For all the payments you’re behind on, you are generally given many months to catch up. In Texas, in most cases, you can spread this payment out over the entire duration of your Chapter 13 plan, which is anywhere from 36 to 60 months. Let’s say you were $3,000 behind in your mortgage payments before filing bankruptcy under Chapter 13. If Chapter 13 plan is set up to run for 48 months, you’d only pay $62.50 per month ($3,000 / 48 = $62.50).

When should I come to see an attorney about filing bankruptcy?

If your house is in foreclosure or about to be, you should consult an attorney immediately – the sooner the better. The earlier you are in the process of foreclosure or threatened foreclosure:

  1. The more options you have
  2. The quicker you will find out what your options are
  3. The less the foreclosure expenses the mortgage lender will have incurred and the less you will have to pay back
  4. The more time there is to figure out if filing bankruptcy is right for you, the more time there will be for getting all the documents properly prepared

Call us today at (214) 760-7777 for a free consultation or click here to send us an email.

Call us today for a free consultation

(214) 760-7777

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Rubin & Associates, P.C. is a BBB Accredited Lawyer in Dallas, TX