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Editorial Advisory Board

  • Professor Andrea M. Armani, University of Southern California
  • Ruti Ben-Shlomi, Ph.D., LightSolver
  • James Butler, Ph.D., Hamamatsu
  • Natalie Fardian-Melamed, Ph.D., Columbia University
  • Justin Sigley, Ph.D., AmeriCOM
  • Professor Birgit Stiller, Max Planck Institute for the Science of Light, and Leibniz University of Hannover
  • Professor Stephen Sweeney, University of Glasgow
  • Mohan Wang, Ph.D., University of Oxford
  • Professor Xuchen Wang, Harbin Engineering University
  • Professor Stefan Witte, Delft University of Technology

Top Bankruptcy Attorney Bryan Keenan Advises How To Keep A Home By Filing A Chapter 13 Bankruptcy – Pittsburgh, PA

Leading bankruptcy lawyer Bryan Keenan founder of Bryan P. Keenan & Associates, PC in Pittsburgh, PA explains that Chapter 13 bankruptcy helps homeowners avoid foreclosure by spreading missed payments over time and restructuring debts. For more information please visit https://bryankeenanattorney.com

-- Homeowners worried about losing their homes while on the financial edge might consider Chapter 13 bankruptcy, revealed bankruptcy attorney Bryan Keenan.

For more information please visit https://bryankeenanattorney.com

Keenan, of Bryan P. Keenan & Associates, P.C., explained that one of the major concerns for those considering bankruptcy is the risk of losing their homes. However, a Chapter 13 filing can provide a financial lifeline, protecting them from foreclosure while restructuring debts.

“Chapter 13 allows a person to spread any missed mortgage payments over three to five years,” Keenan said. “It provides a fresh start without upfront costs. This approach pauses potential foreclosure, spreads out missed payments, and offers a way to protect the home during tough financial times.”

Keenan advised that “Chapter 13 bankruptcy can restructure other debts like credit cards and vehicle loans, giving you a manageable repayment plan,” he explained.

When a Chapter 13 bankruptcy is filed, the Bankruptcy Court places an automatic stay that halts foreclosure. To save their home, homeowners must file for Chapter 13 protection before the foreclosure sale occurs.

The plan offers a window of three to five years for repayment, with adjustments allowed through court approval. This can include altering payment amounts or extending the plan’s duration. However, success requires that plan payments are made in full and on time.

Once the repayment plan is complete, the debtor receives a discharge, improving their legal standing regarding discharged debts and potentially boosting their credit. If mortgage payments remain current, homeowners can retain their homes.

“Chapter 13 bankruptcy can be a game-changer, pausing foreclosure, spreading out missed payments, and protecting the home,” Keenan concluded. “Before filing, homeowners should explore their options with an experienced bankruptcy attorney.”


Source: http://RecommendedExperts.biz

Contact Info:
Name: Bryan Keenan
Email: Send Email
Organization: Bryan P. Keenan & Associates
Address: 993 Greentree Rd #101, Pittsburgh, PA 15220,
Phone: 412-922-5116
Website: https://bryankeenanattorney.com

Release ID: 89159286

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