If you are in a large amount of debt and you have a mortgage on a home, you may face the risk of not being able to afford your mortgage payments anymore. Once mortgage payments stop because you do not have sufficient income to make your payments, your home will likely be foreclosed upon. A foreclosure occurs in Maryland when a lender files legal proceedings in the local Circuit Court seeking the sale of real estate that secured the payment of a real estate loan.  Richard J. Hackerman is a Baltimore, Maryland foreclosure attorney and represents people throughout Maryland when lenders file foreclosure actions or are in the process of filing foreclosure actions.  Richard J. Hackerman can assist you if you are facing the possibility of losing your home because you can no longer afford the payments.

Are you facing the possibility of foreclosure? Richard J. Hackerman may have a solution for you! Contact him today.

When mortgage payments are missed, the reason is often a loss of income due to illness, loss of employment, or other temporary problems.

Filing a Chapter 13 Bankruptcy can provide up to 60 months to "catch up" on missed payments and save your house.

Is Chapter 13 Bankruptcy Right for ME?
This is the critical decision that you and your attorney must make based on the amount of the arrears, your assets and your present and future income.

Time is of the essence
As soon as a Bankruptcy is filed, there is an automatic injunction which will prevent the Foreclosure sale. To protect your home, you must act quickly. You must file the bankruptcy petition before the foreclosure auction takes place.

Chapter 13 bankruptcy allows indebted individuals with regular income streams to retain some or all of their assets during the bankruptcy process. In a Chapter 13 some creditors are paid through a trustee appointed to maintain a debtor's bankruptcy estate. Other creditors, generally those creditors secured by your home or other real estate and the holders of  automobile liens are paid directly by the Debtor after the chapter 13 case is filed.

Chapter 13 bankruptcy filers are generally able to keep their personal property and assets.

Chapter 13 bankruptcy can be used as part of plan to negotiate a difficult or an untenable financial situation.

Chapter 13 Bankruptcy for Wage Earners
BALTIMORE, MARYLAND chapter 13 Bankruptcy Lawyer
BALTIMORE, MARYLAND foreclosure prevention lawyer

Reasons for Filing Chapter 13 Bankruptcy:

The Chapter 13 Bankruptcy lawyer assists those who need to file bankruptcy to protect their home.  People with the  means and desire can save their home through the chapter 13 process.  My Baltimore bankruptcy law office will assist you as much as possible through the bankruptcy process.   A Chapter 13 case is generally a more detailed and time-consuming process than a Chapter 7 bankruptcy.

Personal Attention For Personal Bankruptcies
Richard J. Hackerman has helped people all over the State of Maryland. 

THE PROBLEM-TOO MUCH DEBT.

You can lower credit card debt with a Chapter 13 bankruptcy under certain circumstances.  Every situation is different. Call or contact our bankruptcy law office to schedule an appointment for a free initial consultation. I can help.

Stop Foreclosure
One of the benefits to filing Bankruptcy is the "automatic stay", which stops most types of legal actions against a debtor including foreclosure. However, in many instances homeowners who are facing foreclosure do not want to, or can not, file for Bankruptcy. In these instances, our firm can assist with other means that may help a debtor avoid foreclosure and/or Bankruptcy. Possible actions may include negotiating a short sale or a deed in lieu of foreclosure. Depending on a debtor's situation, we can evaluate whether Bankruptcy, or some other alternative, can help resolve a pending or potential foreclosure.

Repossessions:

PROBLEM:  If you do not make your car payments your lender may repossess your car.

PROBLEM:  Without an automobile you can not get to work.

PROBLEM:   If you do not have a job you can not make your payments.

Filing for Chapter 13 bankruptcy protection can stop the vicious cycle of debt before it destroys your life.

Under a Chapter 13 plan your car will be protected and you may  not necessarily end up paying the full amount you owe on your loan.

If your auto has already been repossessed, you must file before the auction sale. A Chapter 13 plan will allow you to make up missed payments over the life of your plan.

Are you facing the possibility of foreclosure? Richard J. Hackerman may might have a solution for you! Contact Richard J. Hackerman, a Baltimore Bankruptcy and Foreclosure Attorney today!

If you need an experienced bankruptcy or debt settlement attorney to help you with a Chapter 7 or Chapter 13 bankruptcy filing, please contact Richard Hackerman for a free initial bankruptcy consultation.

Beware of Foreclosure scams
Due to the weak housing market the number of foreclosures is skyrocketing.

There are many individuals and companies who prey on homeowners facing foreclosure.

One common scam is to offer to buy your house and then rent it back to you. If you sell your house with a "QUIT CLAIM" deed, the mortgage is not satisfied, and the lender may continue with foreclosure.

IF SOMEONE IS OFFERING TO BUY YOUR HOME I CAN REVIEW THE CONTRACT, NEGOTIATE ON YOUR BEHALF AND MAKE AS SURE AS I CAN THAT YOU WILL NOT BE PREYED UPON BY UNSCRUPULOUS INVESTORS THAT ARE ONLY SEEKING TO BUY YOUR HOME AS CHEAP AS POSSIBLE AND MAY BE TRYING TO TAKE ADVANTAGE OF YOU IN YOUR TIME OF NEED. THERE ARE REAL ESTATE SCHOOLS IN BALTIMORE THAT TEACH PEOPLE TO WRITE ILLUSORY CONTRACTS THAT REQUIRE YOU TO SELL YOUR HOME, BUT PERMIT THE BUYER TO “FLIP” YOUR HOME, WITH LITTLE OR NO LIABILITY TO THE BUYER SHOULD HE FAIL TO BUY YOUR HOME AS YOU MAY BELIEVE THEY ARE REQUIRED TO DO.

Note:The Information you obtain at this site is not intended to be legal advice. You should consult an attorney for advice regarding your own situation.

The material on this website is for general informational purposes only. It is not legal advice nor provided in the course of an attorney-client relationship. As a result, Richard J. Hackerman, P.A. and Richard J. Hackerman, are not responsible for any information contained on or omitted from this website or any site hyperlinked to this website.