Bankruptcy is a very powerful tool that can protect people who are struggling financially. In particular, bankruptcy can help drowning homeowners. What makes bankruptcy so great is really two little words: automatic stay. The automatic stay is a federal (national) law that basically says that your creditors all have to leave you alone the second you file a bankruptcy case.
When you file your bankruptcy case, the automatic stay requires all your creditors so stop doing anything to collect on debts you might owe. This means that they have to stop lawsuits, they have to stop collection phone calls and letters–and they have to stop any foreclosure proceedings. In other words, once you file, they can’t sell your house without first getting the bankruptcy judge’s permission.
Here in Oakland and the East Bay, the bankruptcy judges are pretty friendly towards debtors and try to give them all the protections they’re entitled to under the Bankruptcy Code. They’ll make sure that the foreclosure sale doesn’t happen. If you file your bankruptcy case and then the lender conducts a foreclosure sale anyway, we can get the sale nullified–a fancy way of saying that we get it unwound, as though it never happened.
Keep in mind, however, that this is only the case if you file your bankruptcy case in the Oakland bankruptcy court before the trustee’s sale (foreclosure sale) happens. Alameda bankruptcy attorney James Pixton can stop a foreclosure sale if you call quickly and get in for a consultation.
If you meet and decide to hire James (and he decides to work with you), he can file the case electronically right from his office. This means that he can file a case in the evening or on a weekend when the Oakland bankruptcy court is closed.
The sooner you call Oakland-area bankruptcy attorney James Pixton, the sooner Pixton Bankruptcy Law can help you save your home and get back on track financially. Call (510) 451-6200 today!
