Bankruptcy Filing Gives Instant Protection from Foreclosure in GA

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Bankruptcy Filing Gives Instant Protection from Foreclosure in GA

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Georgians live in the state where foreclosures are the fastest in the country; within two weeks they lose their house on the steps of the courthouse. For those who are not willing to surrender so easily one option is to seek bankruptcy protection – it is quick but laced with controversy.

Filing Chapter 13 bankruptcy Georgia State puts brakes on foreclosures immediately but for a short period. There are a record number of house owners in the state defaulting on their mortgage payments and being served with foreclosure notice. Filing bankruptcy has become quite common to forestall foreclosures according to experts.

Attorney Howard Rothbloom of Atlanta who has been handling bankruptcy cases for twenty years said, “Bankruptcy courts have become the forum of choice to stop foreclosures, not only in Georgia but throughout the country, because the injunction to stop those foreclosures in bankruptcy court is automatic”.

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