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Using Bankruptcy To Save Your Home in Connecticut

Posted by Roderick Woods | Sep 15, 2018 | 0 Comments

Are you a Connecticut homeowner who has fallen behind on mortgage payments? Have you been served with a foreclosure lawsuit? You are probably losing sleep each night and your mind is probably racing during the day, envisioning all sorts of nightmarish scenarios under which you will lose your home.

If you are facing foreclosure, it is important to not lose sight of the fact that there are options available to you to retain your home, even if a lender denies you for a loan modification or other retention options. Attorney Roderick Woods has assisted numerous Connecticut homeowners facing similar plights -- we understand what you are going through. We are non-judgmental and ready to help.

One such alternative to the daunting thought of foreclosure is filing a Petition for Chapter 13 bankruptcy protection. Although it may seem counterintuitive, there are actually a number of strategic advantages to such a filing.

First, an automatic stay pursuant to Section 362 of the Bankruptcy Code will apply to all creditor collection activities, including the foreclosure of a mortgage. The automatic stay halts any foreclosure proceeding against you. Second, unlike Chapter 7 bankruptcy where assets are liquidated to pay creditors, under a Chapter 13 bankruptcy plan, you have the chance to reorganize your debt. Finally, under the Chapter 13 plan, you are able to pay the past due amounts on your mortgage over a period of 36-60 months, depending on the amount owed. Although you still must remain current on your mortgage payment, in addition to the Chapter 13 plan payment, Chapter 13 Bankruptcy protection may be the difference between saving your home and not.

Our firm is extremely skilled at both representing consumers in Bankruptcy and defending homeowners in foreclosure. Utilize this expertise to your advantage! If you are behind on your mortgage payments or a defendant in a foreclosure lawsuit in Connecticut, contact us today at (866) 790-5970 for a case evaluation as to your legal rights.

About the Author

Roderick Woods

RODERICK D. WOODS, ESQ. A summa cum laude graduate of the State University of New York and a graduate of Albany Law School of Union University in Albany, New York, Attorney Roderick D. Woods is an experienced litigator with a proven record of success in civil litigation. In 2007, he founded The Woods Law Firm, LLC, in Hartford, Connecticut, with a dedicated focus on representing individuals in a wide array of consumer litigation matters, including actions brought under the Fair Debt Collection Practices Act, the Telephone Consumer Protection Act, the Fair Credit Reporting Act, and the Connecticut Unfair Trade Practices Act. Since 2015, Attorney Woods has been Of Counsel to Rights Protection Law Group, PLLC, of Boston, Massachusetts, and, in 2020, became Connecticut local counsel, managing all Connecticut litigation matters, for The Litigation Practice Group, P.C., a California-based firm devoted to consumer litigation. He authors two blogs, Connecticut Consumer Lawyer and The Daily Litigator.


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The Woods Law Firm, LLC represents clients throughout the state of Connecticut, including Hartford, Tolland, Putnam, New London, Middlesex, New Haven, Litchfield and Fairfield Counties.