It's obvious that today's current depressed economy still has the real estate market struggling, although we are seeing some definite improvement. Many property owners are still finding their homes "underwater," which means they owe a greater amount than the current fair market value of their property. Lien stripping can be an essential tool for saving your home from foreclosure when filing a Chapter 13 Bankruptcy. Lien stripping can be extremely beneficial, having the advantage of both being able to help save your home and helping you

Have you fallen behind on your mortgage payments? Or maybe you are in the process of foreclosure, also known a Trustee’s Sale? Perhaps filing a Chapter 13 Bankruptcy can
save your home. However, you must file prior to the Trustee’s sale of the property or bankruptcy can no longer save your home.  A Chapter 13 Bankruptcy is a powerful tool.

Which Bankruptcy is right for you? Have you considered filing a Bankruptcy to save your home or maybe even your automobile. Do you receive harassing phone calls from creditors demanding payments? A Chapter 7 Bankruptcy is designed for people or businesses who cannot pay their debts. A Chapter 7 may be the answer to saving your home, automobile or other property with certain limitations. Most of your debts can be discharged with the exception of a few.