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Foreclosure

Handling Foreclosures

If you are like many people in Austin and throughout Texas, you may be considering bankruptcy because you have fallen behind on your mortgage payments and have been threatened with foreclosure. At the law firm of Hickson Law, PC, our Consumer Bankruptcy Texas Board of Legal Specialization Certified Attorney has decades of experience helping people use bankruptcy to stay in their homes. No matter how big your debt problem has become, you can count on us to find a solution.

Chapter 7 Bankruptcy and Foreclosure

When Chapter 7 bankruptcy is filed, an automatic stay takes effect that puts an immediate halt to foreclosure actions. Unfortunately, this is a temporary solution. Chapter 7 will keep you in your house a little longer, but Chapter 13 tends to be the best way to keep your house by reorganinzing the repayment of the arrearage.
However, if your mortgage is upside down or your house no longer makes sense for you financially, Chapter 7 offers you the option to shed the problem, get a fresh start and move on.

Chapter 13 Bankruptcy and Foreclosure

Our experienced lawyer typically recommends​ Chapter 13 bankruptcy to people who want more than a temporary solution to the threats of home mortgage foreclosure. Chapter 13 allows you to do much more than stop foreclosure actions. It allows you to create a repayment plan that includes all your debt, including past-due house payments. You are given the opportunity to catch up and move forward into a debt-free future. The Chapter 13 repayment plan may restructure your debt, thereby allowing you to free up more of your earnings to live on while making it easier to deal with your financial obligations.