There are laws to protect you from losing your home. Chapter 13 bankruptcy is a federal court procedure that stops foreclosure instantly and allows for repayment of your mortgage. This will immediately stop the state foreclosure process and allow you to repay past due payment amounts over a 3 to 5 year period, while also providing other forms of critical debt relief. Experienced and dedicated legal counsel is essential to a successful Chapter 13 filing, especially under the new Bankruptcy Laws. Read further to understand what legal options are available during foreclosure
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