Leading Bankruptcy Attorney Bryan P. Keenan Reveals How You Can Save Your Home by Declaring Chapter 13 – Pittsburgh, PA

Bryan P. Keenan, bankruptcy attorney in Pittsburgh, PA has just revealed that declaring Chapter 13 can protect your home. For more information please visit https://www.attorneykeenan.com

Pittsburgh PA, United States – April 23, 2018 /MM-REB/ —

In a recent interview, leading bankruptcy attorney Bryan P. Keenan, founder of Bryan P. Keenan & Associates, PC in Pittsburgh, PA, has just revealed how you can protect your home by declaring Chapter 13.

For more information please visit https://www.attorneykeenan.com/

When asked to comment, Keenan said, “Many people who are looking to declare bankruptcy want to save their assets, including their home. Filing for Chapter 13 offers short- and long-term solutions that are not available under Chapter 7.”

Declaring bankruptcy under Chapter 13 allows for immediate relief.

When asked to elaborate, Keenan commented, “As soon as you declare Chapter 13 bankruptcy, an automatic stay put on your case means that creditors cannot take actions against you, protecting your house from foreclosure.”

One crucial way that Chapter 13 bankruptcy differs from Chapter 7 is that it protects your assets against foreclosure.

“You can think of Chapter 13 as a long-term payment plan that lasts from three to five years.” You may get the benefit of discharging your credit card debt, while saving your home,” he said.

“Time is of the essence when it comes to filing. To take advantage of the payment scheme under Chapter 13 payment, you must declare bankruptcy before the sheriff sale date,” Keenan said.

Keenan added that you can work with an attorney to create a tailored payment plan.

“A lot of my clients are unable to make catch up on their past due payments, so we work together to come up with a realistic payment plan within the three-to-five-year framework to become current.

Another added benefit of Chapter 13 bankruptcy is that homeowners in debt might be able to get rid of their second mortgage.

When asked to elaborate, Keenan said, “You can wipe away your second mortgage if the amount you owe on your first mortgage is more than what your home is worth
when you file for bankruptcy.”

“Chapter 13 bankruptcies are notorious for being complicated, particularly when it comes to calculating the value of your home for stripping second mortgages, so the best thing to do is to hire an experienced bankruptcy attorney,” he added.

Source: http://RecommendedExperts.biz

Contact Info:
Name: Bryan Keenan
Organization: Bryan Keenan
Address: 993 Greentree Rd #101, Pittsburgh, PA 15220, USA
Phone: 412-922-5116

For more information, please visit https://www.attorneykeenan.com/

Source: MM-REB

Release ID: 332409