We Address Your Entire Financial Situation So You Can Get Your Fresh Start
At the Law Office of Joanne Yi, PLLC, we know that receiving a notice of foreclosure can be terrifying. It is a piece of paper that literally threatens the roof over your family’s head. If you find yourself in this overwhelming situation, it is important to remember that you have options. You can turn to us for relief, but it is important that you act fast.
We are a law firm you can turn to for meaningful debt relief in Virginia. We can help you stop the foreclosure by filing Chapter 13 bankruptcy and resolve the underlying issues that caused you to fall behind on your mortgage payments. Attorney Joanne Yi has the necessary experience and down-to-earth personality to ensure that you receive the best representation possible.
Contact our office in Manassas at 703-997-9156 to schedule your free initial consultation with our lawyer.
Bankruptcy Is An Effective Tool To Resolve Mortgage Debt
When you file for bankruptcy, a legal injunction called an automatic stay immediately stops any pending foreclosure sale. This tool gives you temporary relief to resolve your mortgage debt through either Chapter 7 or Chapter 13 bankruptcy. Which chapter you file under depends on many factors, including whether you want to stay in your home.
- Chapter 13 bankruptcy is beneficial if you have equity in your home, earn above median income for the household size, gainfully employed and want to keep it. It provides an avenue for you to catch up on missed payments, allow you to work with your lender to modify the terms of your loan and strip second mortgages or other liens if applicable.
- Chapter 7 can help you delay foreclosure and give you time to save money and work with your lender toward modification. You can also eliminate other debts so you have the money to make your mortgage payments. If you do not want to save your home, you can discharge your mortgage debt and benefit from tax advantages unavailable in debt settlement outside the bankruptcy process.
Debt Relief Is Personal. We will Tailor A Plan To Fit Your Needs.
You must talk to an attorney to understand what is best for you under your individual circumstances. You can speak with a bankruptcy attorney in a free initial consultation. Call 703-997-9156 or send us an email, and we will contact you.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.