First, the bad news: Bankruptcy still carries a certain stigma, and it will certainly leave a mark on your credit score. Here’s the better news: Bankruptcy could save your house from foreclosure, and a South Carolina foreclosure defense attorney can guide you through the process. If you have received notice that the bank is foreclosing on your house, you may be eager to hear some good news on that front.
Maybe you are already in foreclosure. On the other hand, maybe your mortgage payments are one of the only ones for which you are current. If either of these is the case and you feel like you are drowning in debt, bankruptcy may help you to break out of the fear and panic of overwhelming debt and move forward with your plans for the future.
Time is critical, especially if your home is in foreclosure or you have other debts that have been turned over to collection agencies. If you are in danger of losing your home, filing for bankruptcy will stop all actions to that end. This will allow you and your attorney time to negotiate with creditors and figure out the best options for your circumstances.
Overwhelming debt and threatened foreclosure of your home can seriously damage your quality of life. It can interfere with your health, your job performance and your relationships. However, a foreclosure defense attorney in South Carolina will help you examine every possibility for stopping foreclosure, saving your home and starting fresh with your debt eliminated. A compassionate attorney will offer you a glimmer of hope you may have forgotten was possible.