The thought of losing your home through foreclosure is not pleasant and can lead to many sleepless nights. The Peoria bankruptcy attorney with McDonald Law Office has helped thousands of people stop the foreclosure of their home and cure the default over a three to five year period. Our Peoria bankruptcy lawyer understands that bankruptcy laws in Arizona and can explain how the filing of a chapter 13 bankruptcy can stop foreclosure and allow you to keep your home.

Our Arizona Bankruptcy attorneys can review the Arizona foreclosure laws with you and explain how the foreclosure process works. For example, in Arizona, the lender on a home loan secured by a Deed of Trust may hold a sale of the home 91 days after recording a Notice of Sale with the County Recorders office and giving proper notice. The sale can be stopped by paying all back payments, late charges and foreclosure fees before the sale date or by the filing of a bankruptcy.

One of our experienced Arizona bankruptcy lawyers can advise you on the filing of a Chapter 13 bankruptcy to stop the sale. If you file a chapter 13, the lender will be required to accept payments through your plan to catch up any payments, late charges and other fees that you owe. At the end of the bankruptcy proceedings your loan will be current.

If you would like to discuss how a chapter 13 bankruptcy can help you keep your home, please call. We offer free consultations.