Stop Foreclosure

Bankruptcy

Keep Your Home Through Bankruptcy

Have you missed mortgage payments and are now in fear of foreclosure? If you are like most people who are considering bankruptcy, your top priority is staying in your home.

You do have options. Chapter 7 and Chapter 13 bankruptcy can stop foreclosure, at least temporarily, if filed before the foreclosure sale date of your home. If you believe that foreclosure of your home is a possibility due to missed mortgage payments, discuss your case with a bankruptcy lawyer at the Ann Arbor, Michigan law firm of Marrs & Terry, PLLC. Contact our law office to schedule a consultation. Our services are available to individuals in Ann Arbor and the surrounding areas in Michigan.

Filing Bankruptcy Can Prevent Foreclosure

  • Filing Chapter 7 bankruptcy: Because your mortgage is a secured debt, it cannot be discharged through bankruptcy. However, the relief provided by bankruptcy may allow you to resume making mortgage payments and catch up on missed payments. Provided you want to keep your home, you can reaffirm your mortgage.
  • Filing Chapter 13 bankruptcy: While the terms of your first mortgage cannot be modified, the terms of a second mortgage can be. In fact, stripping second mortgages is a possibility. Filing under Chapter 13 allows you to repay late payments over the course of three to five years if your mortgage payments are in arrears.

Keep The Equity If Your Home Is Sold

The equity you have in your home is a critical asset. If possible, you want to sell your home in order to cash out the equity, you don’t want to lose it. However, today’s real estate market has made it difficult to sell a home for the price you paid for it only a few years ago.

In these situations, short sales are often on peoples’ minds. If you are considering a short sale, make certain to discuss the matter with an attorney first. Short sales have consequences that should not be overlooked, consequences that include still owing money to the bank and costly tax implications.

We Can Help Minimize Your Losses. Contact Us.

Take action and change your financial future for the better. Contact Marrs & Terry, PLLC online or call us toll free at 734-663-0555. We bring more than 18 years of experience to every case and we offer in-home appointments upon request.

We provide second opinions to those who have been told by other lawyers that they do not qualify for bankruptcy. We will make certain you are not missing a debt relief opportunity.

We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.

Google Reviews

S.M. ★★★★★

Professional, compassionate team. They explained every step of the bankruptcy process and made a stressful situation manageable. I am grateful for their guidance.

J.T. ★★★★★

Straightforward advice without pressure. My attorney returned calls promptly and helped me understand my options. I would recommend Marrs & Terry to anyone facing serious debt.

E.R. ★★★★★

Knowledgeable staff and clear communication from start to finish. They handled the paperwork carefully and kept me informed. Highly recommend.

M.K. ★★★★★

Honest assessment of my case and realistic expectations. The firm treated me with respect and helped me get a fresh start. Thank you.

P.L. ★★★★★

From the first consultation I felt heard. They answered my questions patiently and walked me through Chapter 13. Excellent experience overall.

D.H. ★★★★★

Efficient, organized, and caring. They helped stop creditor calls and got my case resolved. I wish I had called sooner.

T.M. ★★★★★

Bridget has been a lifesaver through the entire process. She was always quick to get back with us either by phone or emails. She made us feel like family. Very caring and made everything easy to understand. I highly recommend these guys!

S.A. ★★★★★

We are treated like family. Bridget has been our gracious savior during the entire process and they are never done whenever we have questions or need help along the journey they are as attentive as they originally were from the start. If we ever have opportunity in the future to work with them we won’t hesitate.

C.R. ★★★★★

They were amazingly helpful and communicative. Tricia was very helpful. Bridget was a rockstar. She went through everything with me, step by step.

D.C. ★★★★★

Bridget and all the lawyers there have been absolutely great. They have helped us thru a very difficult time. We highly recommend this firm.

C.W. ★★★★★

I went to Marrs & Terry during one of the toughest parts of my life. The office staff felt like family. I was treated like a person and a priority. I cannot say enough good things about this office.

B.N. ★★★★★

Michelle is the best! Straightforward, Honest, and put me at ease from the start. I should've done this earlier, but was hesitant. Michelle has made my life manageable again. Thank you for everything.

T.T. ★★★★★

Amazing customer service from the very first call. Always willing to answer questions. Returned calls right away. Just good people. Thank you for doing such a great job!

J.H. ★★★★★

15 years ago we found ourselves severely upside down in our house, loss of income and growing debt. Marrs and Terry got us on a repayment plan and stopped collection efforts. Thanks!

J.C. ★★★★★

I am using Marrs and Terry for the 2nd time and they have made what can be extremely scary and uncomfortable processes doable. They are available to answer questions, large and small and are extremely approachable.

T.B. ★★★★★

Very professional, knowledgeable, helpful. They were there when I needed. Walked me through and explained everything as we went along. Would highly recommend for all your attorney needs.

M.W. ★★★★★

The best! Educated, kind, professional office. You can’t go wrong with them. You will get excellent service with this firm.

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