Saving Your Home In Bankruptcy

If you are deep in debt, one of your biggest concerns is probably saving your home from foreclosure. Maybe unexpected medical bills have piled up, maybe credit card debt has accumulated due to high interest rates, or maybe you lost your job. In any case, you have fallen behind on your mortgage payments. What can you do?

One potential option is to file bankruptcy. At the law firm of Cannon Law Offices, PLLC, in Greenville, North Carolina, we have the legal knowledge and experience you need to honestly evaluate your options for protecting your house. Our founding attorney, Richard L. Cannon III has been assisting people like you since 1983.

How Can Bankruptcy Help Me Avoid Foreclosure?

Many people mistakenly believe that filing bankruptcy automatically means selling everything they own and giving the money to their creditors. This is not true. Under North Carolina's bankruptcy laws, your home is exempt if its equity falls below a certain threshold. Plus, bankruptcy can potentially allow you to:

  • Put an immediate halt to any foreclosure proceedings
  • Create a manageable, interest-free repayment plan to catch up on past-due mortgage payments
  • Eliminate credit card bills and medical debts, which can free up your finances to start paying the mortgage again
  • Strip off a lien or second mortgage

Plus, filing Chapter 7 or Chapter 13 will stop creditors from calling you, stop wage garnishments and more.

Arrange A One-On-One Consultation About Your Options

Every family's situation is different, and a solution that works for one may not work for another. Learn whether filing bankruptcy is right for you by arranging a free consultation with our lawyer today. Call Cannon Law Offices, PLLC, at 252-558-1834 or email our Greenville office.

We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.