We are in the midst of a financial crisis that many families simply weren’t prepared for. Throughout my career as a Memphis TN foreclosure lawyer, I’ve met so many people working tirelessly to give their children the opportunities they deserve. Even without a pandemic, it’s often an uphill battle to make ends meet. With a sudden job loss or medical emergency, it’s virtually impossible.

Right now, the scale of unemployment in America is far beyond what anyone could have expected. We haven’t seen these rates since the Great Depression. More than 40 million people have filed for unemployment benefits in two and a half months. Inevitably, millions of people are struggling to pay their bills. Many folks are understandably worried about losing their homes.

So much is uncertain. We don’t know when or if another round of stimulus checks will come. We don’t know when or if rent forgiveness will come. But in a world of uncertainties, bankruptcy guarantees relief.

Have you heard of Chapter 13 bankruptcy?

There are two different kinds of bankruptcy for individuals, Chapter 7 and Chapter 13. The latter specifically has the power to stop foreclosure in its tracks and give you the fresh start you and your family deserve, now more than ever.

An experienced Memphis TN foreclosure lawyer can help set up a Chapter 13 payment plan for you that will consolidate your past-due mortgage into affordable payments spread out over three to five years.

This is a time where life has to get easier, debt more manageable. Depending on how much you’re behind, a Chapter 13 can help you pay back your mortgage for as little as $8-12 per week.

At a time when so much sits outside of our control, Chapter 13 gives you full control of your personal situation. Not only will your payments become manageable and affordable, but you will no longer have to live in fear of the banks taking your home.

Bankruptcy is the solution, not the problem.

It’s normal to feel frightened by the idea of bankruptcy at first. But if you’re overwhelmed with debt, this is your chance to start fresh and build a better future. I’m a foreclosure lawyer Memphis TN has turned to for more than 30 years, and I am here for you during this difficult time.

If you want to keep your home and refresh your finances, give us a call at (901) 327-2100 or contact us here today.