In this economy, home foreclosure is a prominent issue that worries many homeowners. The thought of losing one's most valuable asset can be a frightening prospect. Calls to banks often go unreturned and action is needed so that the house isn't lost in sheriff sale. A Chapter 13 bankruptcy could be an option available to you. In a Chapter 13 bankruptcy you would make monthly payments to the U.S. Bankruptcy Trustee over a period of 3 - 5 years. It allows you to get current on the mortgage payments by paying a fraction of the arrearages over the period of the proposed plan. A bankruptcy will immediately stop a foreclosure proceeding and a sheriff sale.

Sometimes keeping the house is not an option. One may seek relief by filing a Chapter 7 bankruptcy. By filing a Chapter 7 bankruptcy you can discharge the debt incurred from a foreclosure along with other debt such as credit cards, personal loans, and medical bills. Speaking with an experienced Columbus Ohio bankruptcy attorney will give you the opportunity to discuss your options with your home in foreclosure. If time is of the essence where a sheriff sale needs to be stopped or a home needs to be saved, the friendly law office of Ralph A. Kerns & Associates never hesitates to take immediate action. Call today for a free consultation to discuss your options. Relief is one call away.