How do I go about filing for bankruptcy to avoid foreclosure?

Filing for bankruptcy to avoid foreclosure in Georgia requires you to consult a qualified bankruptcy attorney who can help you understand your rights and obligations under the law. The lawyer will work with you to determine whether bankruptcy is the best option for you. If your financial situation has deteriorated to the point where you cannot keep up with your mortgage payments, you may decide to file for bankruptcy. Depending on your situation, you may have the option of filing for Chapter 7 or Chapter 13 bankruptcy. Chapter 7 bankruptcy may be the best option if you have no other assets to protect, and you can discharge most of your debts. Chapter 13 bankruptcy may be better if you have assets that you want to protect, such as a home or vehicle. Once you file your bankruptcy paperwork, the process to stop foreclosure begins. Under federal bankruptcy law, the court issues an automatic stay, which stops all collection activities, including foreclosure. Depending on the type of bankruptcy you pursue, you may have to make mortgage payments to the bankruptcy trustee, who will then make payments to your lender on your behalf. Bankruptcy can be a complicated and overwhelming process. It is important to seek the advice of an experienced bankruptcy attorney to ensure that you are following the appropriate steps.

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