Will I lose my House?

Turn to Experienced Bankruptcy Lawyers

If you are having financial problems and want avoid foreclosure, come to the experienced bankruptcy lawyers of Gross & Patterson, LLC. We can help you sort out the financial issues that are keeping up you up at night, and recommend a best solution.

Contact a Pittsburgh attorney at Gross & Patterson, LLC for a free initial consultation at (412) 567-4732.

Save Your Home and Keep Your Assets

Chapter 13 bankruptcy is a useful option for people with regular incomes. It lets you repay your mortgage arrears over three to five years, so you can make regular monthly mortgage payments and pay back the amount in arrears.

In Chapter 13, you can also modify interest on car loans. Car loan interest at 18%, for example, can be reduced substantially. If the loan is more than two and one-half years old, the court can modify the principal balance owed on the loan.

The filing of a Chapter 13 bankruptcy petition will stop a sheriff's sale because of the automatic stay provision. It protects you against creditors and gives you time to get your finances back on track.

Calls from creditors will stop, giving you and your family peace of mind for the first time in a long time.

We Know Bankruptcy Law

The attorneys at Gross & Patterson, LLC can walk you through the bankruptcy means test to find out if you qualify for Chapter 7 or Chapter 13 bankruptcy. If you are in foreclosure, regardless whether you make above or below the state median income, filing a Chapter 13 can help you to protect your home. If you qualify for Chapter 7 due to lower income, you cannot restructure payments.

Chapter 13 bankruptcy is just one financial tool. If you do not have a steady job, a lawyer can look at these solutions:

• Selling the house in a regular sale: pay off the loan balance with the proceeds
• Short sale: The bank or mortgage lender agrees to let you sell the house for less than the loan amount owed.
• Forbearance agreement: The mortgage lender agrees not to foreclose, so you have time to repay the missed payments.
• Call us as soon as you start missing payments. The sooner you call, the sooner we can act on your behalf. Complete our bankruptcy intake form to get started. Contact us today.