This Riverside Bankruptcy lawyer knows from experience how quickly some mortgage companies will move to sale on a foreclosure, and the only way to stop them is to file for Chapter 13 if you want to save your home.
The problem is that the 2005 bankruptcy law changes made it impossible for individuals to file for bankruptcy without first completing credit counseling classes from approved agencies. Attending these classes looks good to the mortgage company (aka “bank”) or lien holder anyway, so it doesn’t hurt. You can even do them online to save yourself time and money. This is not the same as faux agencies who promise to provide credit counseling but really just want to put you in debt to them. Any Riverside bankruptcy attorneys would tell you the same because it gives you more options than you had before (plus it makes the lien holder look bad that you’re trying to do the right thing and they’re still closing in on you). Credit Counseling agencies—the real ones, anyway, work with you to learn how to proceed in the future. It isn’t exactly like it was before. The economy has hit everyone so hard that they understand that sometimes there is no way to eat or buy gas unless a bill slips so they also work with you to show you what you need to do to get your mortgage company or other creditors to lower your bills.