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When I created Atlas Law Firm, I wanted to be completely transparent about our rates. I think there is a lot of skepticism on what lawyers charge.

Before you actually file, you need to educate yourself on bankruptcy, and the best way to do that is to meet with an experienced bankruptcy attorney. Many bankruptcy attorneys provide free consultations.

Once your case is filed, an automatic stay goes into effect. The automatic stay is a court order mandating that none of your creditors can continue collection actions while your bankruptcy is pending.

In general, you have 4 options in order to delay the date of the foreclosure sale and which one you choose depends on what you wish to accomplish, the first 3 I’ll mention assume you wish to keep the house, the last option assumes you wish to let the house go, but stay in it as long as possible:

There are 2 things you must do after your case is filed: (1) attend the meeting of creditors (aka the 341 hearing); and (2) complete a debtor’s education course via phone within 75 days from the date your case was filed. The 341 hearing is sometimes referred to as the meeting of creditors because your creditors can attend the meeting and ask you questions about the information contained in your petition.

A reaffirmation is an official way to “reobligate” yourself on the loan. This involves the lender sending us a reaffirmation contract to be signed by you.

“Heads in beds” refers to a method of how to calculate the size of the household for means test purposes. The first obvious household determinant would be, how many dependents you are claiming on your tax returns.

Mortgage modification is not part of bankruptcy. When we talk about mortgage modification, this is something that is relatively new. In general a mortgage modification is when your lender determines whether they will allow you to change the terms of your mortgage and modify it.

A chapter 7 bankruptcy trustee is a lawyer hired by the court and appointed to chapter 7 bankruptcy cases that are filed in a particular county or jurisdictions. The role of the chapter 7 trustee is to review the documents filed by the debtor and in chapter 7 to make sure that the assets are properly listed and that the exemptions claims are appropriate under the circumstances.

If you’re behind on your mortgage payments and want to know how to save your house from foreclosure, call Atlas Law Firm today. A chapter 13 bankruptcy can stop the foreclosure sale and suspend your creditors from demanding immediate payment of the amount you’re behind on.