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Should I Consider Bankruptcy?

Horenstein, Nicholson & Blumenthal LPA /  Avoid Bankruptcy
Foreclosure Defense 
Loan Modification 
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Foreclosure Questions 

Someone to Help When Your Situation Seems Impossible

When you’re facing foreclosure on your home, it starts to feel like you’re running out of options.

You might look to bankruptcy as a way of freeing yourself from the pressure of your mortgage. But bankruptcy is scary, too.

How do you figure out what to do?

You can talk to a foreclosure defense lawyer from the Horenstein, Nicholson & Blumenthal law firm to learn strategies for avoiding bankruptcy—or to help you decide if bankruptcy is right for you.

You’re facing a hard choice. Get someone to back you up and protect your rights through this ordeal so you can get back to living your life.

In Ohio, all you need to know is this: “Helping me, that’s HNB.”

Talk to HNB  Talk to HNB 

    What Options Do I Have Other Than Bankruptcy?

    Bankruptcy has some serious long-term consequences. It can put your finances under scrutiny in court for years. It leaves scars on your credit rating.

    Depending on the type of bankruptcy you file, you could keep your house but have to pay even more for it.

    Once you declare bankruptcy, you lose a lot of other options for getting out of your foreclosure dilemma.

    First, you should see if there are other ways to resolve your mortgage situation. Those could include:

    Don’t trust any law firm that says they can guarantee they’ll save you from bankruptcy or that they’ll definitely save your home.

    Instead, you can get the attorneys at HNB to look at your situation and give you an honest assessment of your choices. Our initial case review is free.

    Get My Free Case Review 
    A couple looks over bills with a calculator at a coffee table. The lawyers at HNB help you decide if other options besides bankruptcy will resolve your home foreclosure.

    The lawyers at HNB help you decide if other options besides bankruptcy will resolve your home foreclosure.

    What Happens When I Declare Bankruptcy?

    If you conclude bankruptcy is the way to resolve your mortgage foreclosure problem, you could take different paths:

    • Chapter 7 Bankruptcy: You can delay your home foreclosure, but not stop it.
    • Chapter 13 Bankruptcy: You can keep your house, but you have to pay even more to continue living there.

    If your house sells in a foreclosure for less than what you owe on it, a Chapter 7 bankruptcy can help you avoid paying for the gap in funds, called a deficiency.

    But you can also avoid paying for a loan deficiency with some of the nonbankruptcy options for resolving your foreclosure.

    Foreclosure and bankruptcy are intimidating, complicated processes.

    It’s important to know you don’t have to go through this alone. An experienced foreclosure defense attorney can guide you through all the confusing laws and procedures that apply to your situation. If needed, an HNB lawyer can refer you to a highly qualified bankruptcy attorney.

    HNB doesn’t represent mortgage companies, banks, or insurance companies—or any companies. We serve individual people in Ohio.

    Call HNB Now! 
    A woman looks at a laptop computer with a man in a suit at an office. The lawyers at HNB can help you understand how bankruptcy addresses your home foreclosure.

    The lawyers at HNB can help you understand how bankruptcy addresses your home foreclosure.