Home Foreclosure Attorney Serving Los Angeles & Orange County, CA

Bankruptcy can be a very effective tool for dealing with foreclosure. The moment you file for bankruptcy, you will receive an automatic stay, which puts an immediate end to all foreclosure actions. This gives you time and breathing room to explore your options.

At the Orantes Law Firm, in Los Angeles, lawyer Giovanni Orantes is dedicated to helping individuals and business owners protect their real estate by filing bankruptcy. We offer a free initial consultation to look at the challenges you face and give you honest answers about your rights and options.

The following pages provide more information about bankruptcy and foreclosure:

  • Stop home foreclosure: The most common type of bankruptcy that people use to stop foreclosure is Chapter 13. This form of bankruptcy allows you to place your arrearage in a payment plan and pay it off over a three- to five-year period. Bankruptcy also gives you relief from many types of debt, including credit card bills and hospital bills, to make it easier to afford your payments.
  • Cramdowns: If you own rental property, a “cram down” will allow you to reduce the outstanding mortgage to the market value of the home and pay the market rate of interest.
  • Multiple mortgages: If you have multiple mortgages on your home or rental property, you may be able to strip the liens of junior mortgages when you file Chapter 13 bankruptcy.

If you have a multimillion-dollar home or multiple properties, Chapter 11 bankruptcy may provide you with the best chance of protecting your property. This is the most powerful chapter, and it may allow you to lower your monthly mortgage payments secured on income property to affordable amounts at the current market rate.

Contact Los Angeles Foreclosure Defense Attorney Giovanni Orantes

For more information about ways to protect your property, call 213-389-4362 or contact us by e-mail to schedule a free initial consultation. Se habla español.