A home is one of the biggest purchases most people will make in a lifetime. In addition to being a large financial investment, a home can be a major emotional investment as well. When financial difficulties threaten to jeopardize this investment through a foreclosure, filing for Chapter 13 bankruptcy can help protect your home.
The lawyer you select to guide you through your Chapter 13 bankruptcy can have a great impact. At Meredith Law Firm LLC, we do not operate as a mill. We create relationships with our clients, and we help them through the bankruptcy process, step by step. Our lawyers work closely with clients throughout the process in an effort to check in and help them maintain a sense of financial growth and security.
After you file for bankruptcy, an automatic stay goes into effect, preventing or stopping a foreclosure no matter where it is in the process. This simple action can be the difference between keeping your home and losing it.
By filing for Chapter 13 bankruptcy, you will have three to five years to repay your past due mortgage balance. The monthly payments will be measured by what you are able to contribute while still being able to afford day-to-day expenses. At the conclusion of your payment plan, you will be current on your mortgage. Further, any remaining unsecured debts you may have will be discharged.
If you would like to discuss your South Carolina bankruptcy case with one of our experienced Columbia foreclosure attorneys, contact us today to schedule an appointment. Call our North Charleston Office at 843-410-3961 or our Columbia Office at 803-753-7351 or our Myrtle Beach office at 843-353-3553. Our offices are open Monday through Friday from 8:30 a.m. to 5:30 p.m. We look forward to assisting you.