Salem Foreclosure Prevention Attorney

Helping You Keep Your House in a Bankruptcy

The number one question people have about filing for bankruptcy is whether they will be allowed to keep their house. Under the Massachusetts Homestead Act, you may protect a primary residence up to the value of $500,000 when filing Chapter 7 bankruptcy to eliminate your debt. Simply put, this means that you can "reaffirm" or "exempt" property from part of the bankruptcy judgment.

In order to keep property from being subject to repossession by your creditors, you must continue to make timely payments. Typically, people getting rid of their high monthly credit card debt are able to make arrangements with their banker to make payments on property they wish to protect. Although most people reaffirm their house and one car, any secured debt may be declared exempt, including jewelry such as an engagement or wedding ring.

Repossession and Foreclosure Prevention During Bankruptcy

The Law Offices of Kenneth E. Lindauer can help you protect your most valuable possessions from foreclosure or repossession. From the moment you hire a lawyer to represent you, all collections, foreclosure actions and repossession proceedings must stop until your creditor receives clearance by the bankruptcy judge to continue. After hiring us, you can immediately tell your creditors that you are represented by a lawyer — and they must go directly through us to discuss your debt repayment.

To schedule a no-cost, no-obligation consultation at our offices in Haverhill or Salem, Massachusetts, or in Woodstock, Vermont, contact us at 800-464-5861.

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Free Initial Consultation About Repossession and Foreclosure Prevention

Our law firm provides a complete range of bankruptcy law services. From helping you file a declaration of homestead, to a Chapter 13 debt repayment plan, to eliminating your debt through Chapter 7 bankruptcy, we are here to help. We understand how important it is for your family to get a new start. We do everything we can to keep our fees reasonable and help you get through the legal matters as efficiently as possible, helping you with foreclosure prevention and keeping personal property, such as:

• Your house and farm
• Private real estate property
• Your car
• Jewelry, engagement ring, wedding band
• Artwork
• Business property assets

Contact a Salem Bankruptcy Attorney

We bring experience, skill, and creativity to the highly complex area of bankruptcy law. Contact our offices for a free initial consultation today.

We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.