If you are struggling with debt and have started missing mortgage payments, you are probably wondering what options are available to you for delaying foreclosure in Virginia. As a Falls Church bankruptcy lawyer, I can tell you that a lot will depend on your current financial situation, and there may be several options to choose from. However, if you choose to file bankruptcy, you may be able to stop foreclosure with the help of the automatic stay.
What Is the Automatic Stay in Bankruptcy?
When you file for bankruptcy in Virginia, the court will immediately order your creditors to stop attempting to collect from you with what is called the “automatic stay.” The automatic stay means that your creditors will be ordered by the court to stop harassing you over debt, and the stay will also generally delay the foreclosure sale of your home. Although there are some exceptions, the automatic stay will essentially stop foreclosure in Virginia until everything is sorted out through the bankruptcy process.
How Can I Get Help?
At the Strong Law Firm, we understand how difficult and confusing the bankruptcy process can be. Our Northern Virginia bankruptcy attorney brings knowledge and experience to the table, and we’d be happy to help you find a positive outcome in this difficult time. We offer a completely free, no-obligation legal consultation so that we can more fully discuss your rights and options. Also, feel free to contact us at any time with the questions or concerns you have about bankruptcy in Northern Virginia – just give us a call at 877-344-8189 when you’re ready.