South Dakota Foreclosure Defense Attorneys
Foreclosure and Bankruptcy in South Dakota
As bankruptcy attorneys, one of the most frequently asked questions we encounter is: “Will bankruptcy stop the foreclosure of my home?”
This is a question that is best answered after a careful review of your particular financial situation, as each case is different. Filing either a Chapter 7 or Chapter 13 bankruptcy petition will place an automatic stay on foreclosure proceedings, and this may give a homeowner enough time to re-evaluate his or her situation in order to determine whether there is an alternative to foreclosure. Other options include a loan modification, short sale or deed in lieu of foreclosure. Generally speaking, however, a debtor’s home is better protected in a Chapter 13 bankruptcy rather than a Chapter 7 bankruptcy.
By talking to a South Dakota bankruptcy attorney at McCann, Ribstein & McCarty, you can find out more about your options regarding saving your home. At times, a homeowner may be more interested in keeping a foreclosure off his or her credit report and may therefore seek a short sale or similar option. Other homeowners wish to do whatever they can to save their home, and in this case may seek a Chapter 13 bankruptcy or may undergo a loan modification in order to reach a new agreement about the terms of their mortgage loan.
Can Bankruptcy Stop Foreclosure?
No matter your particular intentions or goals, talking to a lawyer can open doors for you. You can find out more about your rights and options as a homeowner, as well as how filing for bankruptcy may affect your home. In becoming educated about your choices, you can make a better decision that will have the desired effect now and in the long run.
If you are considering bankruptcy, contact our independent South Dakota bankruptcy lawyers at McCann, Ribstein & McCarty.
- Why a Bankruptcy Lawyer
- How to Choose an Attorney Types of Bankruptcy
- Chapter 7 Bankruptcy
- Chapter 13 Bankruptcy
- Chapter 7 vs. Chapter 13 Bankruptcy
- Bankruptcy Process / Timeline
- Bankruptcy Myths
- Benefits of Bankruptcy
- What Happens Next
- Alternatives to Bankruptcy
- Credit Counseling
- Foreclosure Defense
Proudly assisting all of South Dakota including the following Counties: Aurora County, Beadle County, Bennett County, Bon Homme County, Brookings County, Brown County, Brule County, Buffalo County, Butte County, Campbell County, Charles Mix County, Clark County, Clay County, Codington County, Corson County, Custer County, Davison County, Day County, Deuel County, Dewey County, Douglas County, Edmunds County, Fall River County, Faulk County, Grant County, Gregory County, Haakon County, Hamlin County, Hand County, Hanson County, Harding County, Hughes County, Hutchinson County, Hyde County, Jackson County, Jerauld County, Jones County, Kingsbury County, Lake County, Lawrence County, Lincoln County, Lyman County, Marshall County, McCook County, McPherson County, Meade County, Mellette County, Miner County, Minnehaha County, Moody County, Pennington County, Perkins County, Potter County, Roberts County, Sanborn County, Shannon County, Spink County, Stanley County, Sully County, Todd County, Tripp County, Turner County, Union County, Walworth County, Yankton County, Ziebach County
