Chapter 13: Bankruptcy
Protect Your Home with Mark M. Harris Bankruptcy Attorney in Fayetteville, NC
A Path to Debt Repayment and Foreclosure Prevention
Mark M. Harris helps homeowners in Fayetteville, NC, use Chapter 13 bankruptcy to stop foreclosure and restructure debt. If you have a steady income but need time to catch up on mortgage payments, Chapter 13 provides legal protection and a structured repayment plan.
The Consequences of
Falling Behind on Mortgage Payments
Missing mortgage payments can lead to foreclosure, damaging credit and displacing families. Without a legal plan, lenders will proceed with foreclosure, leaving homeowners with few options.
How Chapter 13 Bankruptcy Works
Chapter 13 allows individuals to consolidate debts into an affordable repayment plan lasting three to five years. Key benefits include:
- Stopping Foreclosure—Prevents lenders from seizing your home.
- Lower Monthly Payments—Consolidates debts into a manageable structure.
- Retaining Assets—Unlike Chapter 7, it allows homeowners to keep their property.
Payments are based on income, ensuring affordability while addressing outstanding obligations.
Who Should Consider Chapter 13 Bankruptcy?
Chapter 13 is ideal for individuals who:
- Are behind on mortgage or car payments but want to keep their home.
- Have a steady income and can commit to a repayment plan.
- Need protection from foreclosure or repossession.
Protect Your Home—Call Today
If you're facing foreclosure or struggling with debt, Chapter 13 may be the solution. Call 910-484-8198 to schedule a consultation.