Articles Tagged with foreclosure

a number 13 signifying chapter 13 bankruptcyIt can be devastating to lose your home in a foreclosure. Fortunately, filing Chapter 13 bankruptcy is an excellent option that can save your home. Chapter 13 can give you the opportunity to reorganize your debt to make it more manageable. This debt includes payments you are making on your mortgage.

What is Chapter 13 Bankruptcy?

Chapter 13 is also known as a wage earner’s plan. You will be able to determine a plan to repay all or part of your debts. With the help of an experienced Jacksonville bankruptcy lawyer, you propose a plan to repay your creditors. The amount you are required to repay is based on several factors, including your income. The time-period for this repayment plan is typically three to five years.

In JACKSONVILLE, foreclosures filings continue to decrease, however there are still thousands of homeowners still struggling with their mortgage companies. 

Florida courts, specifically Duval, St. Johns, Clay and Nassau counties, areas that affect First Coast Families continue to fast pace foreclosures through the court system, in many cases ignoring homeowner’s due process rights