Anniston, AL Law Firm Counsels Clients Regarding Eviction and Foreclosure

Alabama Bankruptcy Attorneys Help Debtors Stay in Their Homes

If you are drowning in debt and concerned about losing your home to eviction or foreclosure, filing for bankruptcy could be a viable option for you. The experienced bankruptcy attorneys at Bond and Botes Law Offices will review your financial situation, provide valuable insight, and guide you through the Alabama debt relief process.

Foreclosure Protections

When you file for bankruptcy, an automatic stay takes effect that will prevent a foreclosure case from moving forward against you. Filing for chapter 7 bankruptcy will typically delay foreclosure in Alabama for at least 60 days, but if the default is uncured, the foreclosure will proceed. If a debtor files for chapter 13, they may be able to make their overdue mortgage payments over the course of the repayment plan – usually three to five years – and at the end of the plan, they will be current with the mortgage again.

Eviction Protections

Bankruptcy will not stop eviction permanently in Alabama, although it may delay it, and can also be a solution to the issue of back rent. The state’s Emergency Rental Assistance program can help tenants who meet income guidelines cover rental arrears dating back to March 13, 2020, and up to three months’ future rent. If funds are available, tenants can reapply for successive three-month periods of assistance in addition to the initial three-month coverage, not exceeding 15 months.

Contact an Experienced Annsiton, Alabama Bankruptcy Law Firm

Are you facing the threat of losing your home to eviction or foreclosure? Contact the Bond and Botes Law Offices online or call 1-877-581-3396 to schedule your free initial consultation today.